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The Economy Described in the Table Has Experienced a
A)

Question 124

Multiple Choice

 Year  Nominal GDP  Price Index 1$550$1402560135357612045861175604108\begin{array} { | c | c | c | } \hline \text { Year } & \text { Nominal GDP } & \text { Price Index } \\\hline 1 & \$ 550 & \$ 140 \\\hline 2 & 560 & 135 \\\hline 3 & 576 & 120 \\\hline 4 & 586 & 117 \\\hline 5 & 604 & 108 \\\hline\end{array} The economy described in the table has experienced a


A) declining nominal GDP.
B) rising price level.
C) declining real GDP.
D) rising real GDP.

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