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 2008. Prices and Quantities Year Price of Cereal Quantity of Price of Milk Quantity of Cereal Milk 2008 $4.00 90 $1.50 150 2011 $6.00 150 $3.50 200 In 2011, this country's Select one: O a. real GDP was $900, and the GDP deflator was 177.8 O b. real GDP was $1065, and the GDP deflator was 150.2 O c. real GDP was $900, and the GDP deflator was 150.2 Od. real GDP was $1065. and the GDP deflator was 177.8 Next page ge

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 2008. Prices and Quantities Year Price of Cereal Quantity of Price of Milk Quantity of Cereal Milk 2008 $4.00 90 $1.50 150 2011 $6.00 150 $3.50 200 In 2011, this country's Select one: O a. real GDP was $900, and the GDP deflator was 177.8 O b. real GDP was $1065, and the GDP deflator was 150.2 O c. real GDP was $900, and the GDP deflator was 150.2 Od. real GDP was $1065. and the GDP deflator was 177.8 Next page ge

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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