Business, 20.02.2020 01:59 kelfaminu

In the country of Mainia, only cranberries and maple syrup are produced. In 2006, 50 units of cranberries are sold at $20 per unit, and 100 units of maple syrup are sold at $10 per unit. The price of cranberries was $10 per unit and the price of maple syrup was $15 per unit in 2005, which is the base year. For 2006, a nominal GDP is $2,000, real GDP is $2,000, and the GDP deflator is 100. b nominal GDP is $2,000, real GDP is $2,500, and the GDP deflator is 125. c nominal GDP is $2,500, real GDP is $2,000, and the GDP deflator is 83.3. d None of the above is correct.

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In the country of Mainia, only cranberries and maple syrup are produced. In 2006, 50 units of cranbe...

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