Table 23-5 The Country of Caspir Produces Only Cereal and Milk. Quantities

question 387

Multiple Choice

Table 23-5
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 2015.
Prices and Quantities
-Refer to Table 23-5. In 2015, this country's

• A)nominal GDP was greater than real GDP, and the GDP deflator was greater than 100.
• B)nominal GDP was equal to real GDP, and the GDP deflator was equal to 100%.
• C)nominal GDP was less than real GDP, and the GDP deflator was less than 100.
• D)nominal GDP was equal to real GDP, and the GDP deflator was equal to 100.

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Definitions:

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for, typically within a specific period.

Operating Activities

Activities that relate to the primary operations of a company, such as selling products or providing services, as opposed to financing or investing activities.

Investing Activities

Financial transactions involving the purchase or sale of long-term assets and investments.

Net Cash

The amount of cash and cash equivalents minus any liabilities or financial obligations.