Suppose an Economy's Production Consists Only of Corn and Soybeans

question 9

Multiple Choice

Suppose an economy's production consists only of corn and soybeans.In 2010,20 bushels of corn are sold at $4 per bushel and 10 bushels of soybeans are sold at $2 per bushel.In 2009,the price of corn was $2 per bushel and the price of soybeans was $1 per bushel.Using 2009 as the base year,it follows that,for 2010,

• A)nominal GDP is $50,real GDP is $100,and the GDP deflator is 50.
• B)nominal GDP is $50,real GDP is $100,and the GDP deflator is 200.
• C)nominal GDP is $100,real GDP is $50,and the GDP deflator is 50.
• D)nominal GDP is $100,real GDP is $50,and the GDP deflator is 200.

---

Definitions:

Body Temperature

The measure of the body's heat level, considered a vital sign important for assessing health and detecting various medical conditions.

Dyspnea

Difficult or labored breathing, often experienced as a feeling of breathlessness.

Sphygmomanometer Gauge

A device used to measure blood pressure, typically consisting of a dial, numeric display, or mercury column.

Sphygmomanometer Gauge

is a device used to measure blood pressure, part of a sphygmomanometer, which includes a gauge to display the pressure reading.