Bobby Was Researching the Economic Growth of a Country Between

Multiple Choice

Bobby was researching the economic growth of a country between 2006 and 2011. Using 2006 as the base year, he calculated a twelve percent increase for real GDP and a ten percent increase for nominal GDP. His results indicate that

A) the quantity of goods and services produced increased and prices decreased over the period.
B) the quantity of goods and services produced and prices both decreased over the period.
C) the quantity of goods and services produced decreased over the period.
D) the quantity of goods and services produced did not change and prices decreased over the period.
E) he made an error when calculating nominal GDP.