Question: This is data from Winterfell, where only milk and cheese is available (consumption goods) and pasteurizers are used for their production (capital goods). Goods produced

available (consumption goods) and pasteurizers are used for their production (capital goods).

This is data from Winterfell, where only milk and cheese is available (consumption goods) and pasteurizers are used for their production (capital goods). Goods produced Price euros Quantity Price euros Q u a n ti t y (2021) (2021) (2022) (2022) Milk 0,8 400 1 l 450 1 Cheese 2,5 150 2,6 l 175 ' Consider year 2021 as the base year. IProve that every statement is true or false. (Show work!) (2.5 points). Consider 2015 as the base year and round up to two decimals. (a)Real GDP in 2021 was 4205. (b)CPI in 2022 was 110,73. (c)Ination rate measured using the GDP Deator in 2022 is 10.7%

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