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Suppose an economy produces two products: kebabs and meat balls. In 2011, 10 kebabs are sold at $6 each, and 12 meat balls are sold
Suppose an economy produces two products: kebabs and meat balls. In 2011, 10 kebabs are sold at $6 each, and 12 meat balls are sold at $135 each. The base year is 2011. Therefore:
Group of answer choices
A. the real GDP in 2011 is $1,000, and the GDP deflator is 59.5
B. the nominal GDP in 2011 is $1,680, and the GDP deflator is 59.5
C. the real GDP in 2011 is $1000, and the GDP deflator is 100
D. the real GDP in 2011 is $1,680, and the GDP deflator is 100
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