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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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