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The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base
The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2014. Prices and Quantities
Year | Price of Cereal | Quantity of Cereal | Price of Milk | Quantity of Milk |
2014 | $4.00 | 90 | $1.50 | 150 |
2015 | $4.00 | 100 | $2.00 | 180 |
2016 | $5.00 | 120 | $2.50 | 200 |
2017 | $6.00 | 150 | $3.50 | 200 |
Refer to the table. In 2015, this country's
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Real GDP was $660, and the GDP deflator was 113.4.
Real GDP was $670, and the GDP deflator was 115.2.
Real GDP was $660, and the GDP deflator was 115.2.
Real GDP was $670, and the GDP deflator was 113.4.
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