Table 5-4 The Country of Caspir Produces Only Cereal and Milk. Quantities

question 67

Multiple Choice

Table 5-4
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

-Refer to Table 5-4. In 2009, this country's

• A) real GDP was $660, and the GDP deflator was 113.4
• B) real GDP was $670, and the GDP deflator was 115.2
• C) real GDP was $660, and the GDP deflator was 115.2.
• D) real GDP was $670, and the GDP deflator was 113.4.

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Definitions:

Supply Management

The process of managing the acquisition of goods and services for an organization, focusing on optimizing cost, quality, and delivery.

Decrease Costs

The process or strategy of reducing the amount of money required for operations, production, or other activities within an organization.

Increase Revenues

The process of enhancing the income generated by a business through either increased sales, improved pricing strategies, or expanding market reach.

Manufacturing Organizations

Companies engaged in the production of goods through the use of labor, machines, tools, and chemical or biological processing or formulation.