41.Supposeaneconomyproducesonlyeggsandham.In2009,100dozeneggsaresoldat$3perdozenand50poundsofhamsoldat$4perpound.In2010,thebaseyear,eggssoldat$1.50perdozenandhamsoldat$5perpound.For2009, a.nominalGDPis$400,realGDPis$500,andtheGDPdeflatoris80. b.nominalGDPis$400,realGDPis$500,andtheGDPdeflatoris125. c.nominalGDPis$500,realGDPis$400,andtheGDPdeflatoris80. d.nominalGDPis$500,realGDPis$400,andtheGDPdeflatoris125. 42.Supposeaneconomyproducesonlycranberriesandmaplesyrup.In2010,50unitsofcranberriesaresoldat$20perunitand100unitsofmaplesyruparesoldat$8perunit.In2009,thebaseyear,thepriceofcranberrieswas$10perunitandthepriceofmaplesyrupwas$15perunit.For2010, a.nominalGDPis$1800,realGDPis$2000,andtheGDPdeflatoris90. b.nominalGDPis$1800,realGDPis$2000,andtheGDPdeflatoris111.1. c.nominalGDPis$2000,realGDPis$1800,andtheGDPdeflatoris90. d.nominalGDPis$2000,realGDPis$1800,andtheGDPdeflatoris111.1. 43.Supposeaneconomyproducesonlycheeseandfish.In2010,20unitsofcheesearesoldat$5eachand8unitsoffisharesoldat$50each.In2009,thebaseyear,thepriceofcheesewas$10perunitandthepriceoffishwas$75perunit.For2010, a.nominalGDPis$500,realGDPis$800,andtheGDPdeflatoris62.5. b.nominalGDPis$500,realGDPis$800,andtheGDPdeflatoris160. c.nominalGDPis$800,realGDPis$500,andtheGDPdeflatoris62.5. d.nominalGDPis$800,realGDPis$500,andtheGDPdeflatoris160. 44.SupposeaneconomyproducesonlyiPhonesandbananas.In2010,1000iPhonesaresoldat$300eachand5000poundsofbananasaresoldat$3perpound.In2009,thebaseyear,iPhonessoldat$400eachandbananassoldat$2perpound.For2010, a.nominalGDPis$315,000,realGDPis$410,000,andtheGDPdeflatoris76.83. b.nominalGDPis$410,000,realGDPis$315,000,andtheGDPdeflatoris130.16. c.nominalGDPis$315,000,realGDPis$410,000,andtheGDPdeflatoris130.16. d.nominalGDPis$410,000,realGDPis$315,000,andtheGDPdeflatoris76.83. 45.Supposeaneconomyproducesonlyburgersandbagsoffries.In2010,4000burgersaresoldat$3eachand6000bagsoffiresaresoldat$1.50each.In2008,thebaseyear,burgerssoldfor$2.50eachandbagsoffriessoldfor$2each. a.nominalGDPis$22,000,realGDPis$21,000,andtheGDPdeflatoris95.45. b.nominalGDPis$22,000,realGDPis$21,000,andtheGDPdeflatoris104.77. c.nominalGDPis$21,000,realGDPis$22,000,andtheGDPdeflatoris95.45. d.nominalGDPis$21,000,realGDPis$22,000,andtheGDPdeflatoris104.77. 46.AcountryreportednominalGDPof$100billionin2010and$75billionin2009.ItalsoreportedaGDPdeflatorof125in2010and 120in2009.Between2009and2010, a.realoutputandthepricelevelbothrose. b.realoutputroseandthepricelevelfell. c.realoutputfellandthepricelevelrose. d.realoutputandthepricelevelbothfell. 47.AcountryreportednominalGDPof$200billionin2010and$180billionin2009.ItalsoreportedaGDPdeflatorof125in2010and 105in2009.Between2009and2010, a.realoutputandthepricelevelbothrose. b.realoutputroseandthepricelevelfell. c.realoutputfellandthepricelevelrose. d.realoutputandthepricelevelbothfell. 48.AcountryreportednominalGDPof$115billionin2010and$125billionin2009.ItalsoreportedaGDPdeflatorof85in2010and100in2009.Between2009and2010, a.realoutputandthepricelevelbothrose. b.realoutputroseandthepricelevelfell. c.realoutputfellandthepricelevelrose. d.realoutputandthepricelevelbothfell. 49.AcountryreportedanominalGDPof$85billionin2010and$100billionin2009.ItalsoreportedaGDPdeflatorof100in2010and 105in2009.Between2009and2010, a.realoutputandthepricelevelbothrose. b.realoutputroseandthepricelevelfell. c.realoutputfellandthepricelevelrose. d.realoutputandthepricelevelbothfell. Table23-4 ThetablebelowreportsnominalandrealGDPfortheU.S.from1929to1932. Year Nominal GDPRealGDP 1929 103.6977 1930 91.2892.8 1931 76.5834.9 1932 58.7725.8 50.RefertoTable23-4.WhataretheGDPdeflatorandtheinflationratefor1931? […]