Reference no: EM13816005
In the country of Mainia, GDP consists of cranberries and maple syrup. In 2000, 50 units of cranberries are sold at $10 per unit, and 100 units of maple syrup are sold at $5 per unit. If the price of cranberries was $5 per unit and the price of maple syrup was $7.50 per unit in 1999, the base year,
A. nominal 2000 GDP is $1000, real 2000 GDP is $1000, and the GDP deflator is 100.
B. nominal 2000 GDP is $1000, real 2000 GDP is $1250, and the GDP deflator is 83.3.
C. nominal 2000 GDP is $1000, real 2000 GDP is $1000, and the GDP deflator is 1.
D. nominal 2000 GDP is $1000, real 2000 GDP is $833, and the GDP deflator is 125.
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