Refer to the above table. If output increases by 8% from Year 5 to Year 6, then in that period:
A) Real GDP will rise faster than nominal GDP
B) Real GDP will rise slower than nominal GDP
C) Nominal GDP will decrease
D) Real GDP will decrease

Question

Refer to the above table. If output increases by 8% from Year 5 to Year 6, then in that period:
A) Real GDP will rise faster than nominal GDP 
B) Real GDP will rise slower than nominal GDP 
C) Nominal GDP will decrease 
D) Real GDP will decrease

Quizplus · Accepted Answer

The Answer of  Refer to the above table. If output increases by 8% from Year 5 to Year 6, then in that period:
A) Real GDP will rise faster than nominal GDP 
B) Real GDP will rise slower than nominal GDP 
C) Nominal GDP will decrease 
D) Real GDP will decrease

Refer to the Above Table