Suppose an Economy Produces Only Cranberries and Maple Syrup

question 46

Multiple Choice

Suppose an economy produces only cranberries and maple syrup.In 2010,50 units of cranberries are sold at $20 per unit and 100 units of maple syrup are sold at $8 per unit.In 2009,the base year,the price of cranberries was $10 per unit and the price of maple syrup was $15 per unit.For 2010,

• A)nominal GDP is $1800,real GDP is $2000,and the GDP deflator is 90.
• B)nominal GDP is $1800,real GDP is $2000,and the GDP deflator is 111.1.
• C)nominal GDP is $2000,real GDP is $1800,and the GDP deflator is 90.
• D)nominal GDP is $2000,real GDP is $1800,and the GDP deflator is 111.1.

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Definitions:

Hearing Sensitivity

Hearing Sensitivity refers to the ability of the auditory system to detect sounds of varying intensities.

Brain Weight

The mass of the brain, which can vary between individuals and is influenced by factors like age, sex, and body size.

Visual Problems

Issues related to the eyes that impair the ability to see well, which may range from minor limitations to major blindness.

Body Weight

The measure of how much a person or object weighs, often considered in the context of health and physical fitness.