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.

---

Definitions:

Color Photo

An image or photograph produced with the replication of colors as perceived in nature or reality.

Black

A color resulting from the absence of or complete absorption of visible light; often used in text to provide high contrast.

White

The color produced by the combination of all the colors of the visible spectrum.

Gray

A color between black and white in the color spectrum, often used to denote neutrality or uncertainty.