In the Country of Mainia, GDP Consists of Cranberries and Maple

Multiple Choice

In the country of Mainia, GDP consists of 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 $10 per unit. If the price of cranberries was $10 per unit and the price of maple syrup was $15.00 per unit in the base year, what can we conclude?

A) Nominal GDP is $2500, real GDP is $2000, and the GDP deflator is 83.3.
B) Nominal GDP is $2000, real GDP is $2500, and the GDP deflator is 125.
C) Nominal GDP is $2000, real GDP is $2000, and the GDP deflator is 100.
D) Nominal GDP is 2500, real GDP is 2500, and the GDP deflator is 100.