Table 23-3
the Following Table Reports Nominal and Real GDP

Multiple Choice

Table 23-3
The following table reports nominal and real GDP for the U.S. from 1929 to 1932.
​
$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal GDP } \\\text { (Billions of dollars) }\end{array} & \begin{array} { c } \text { Real GDP } \\\text { (Billions of dollars) }\end{array} \\\hline 1929 & 103.6 & 977 \\\hline 1930 & 91.2 & 892.8 \\\hline 1931 & 76.5 & 834.9 \\\hline 1932 & 58.7 & 725.8 \\\hline\end{array}$$
-Refer to Table 23-3. If prices had remained constant between 1929 and 1930, Nominal GDP would have decreased

A) 8.62%.
B) 9.43%.
C) 11.97%.
D) 13.6%.