Solved

Table 64 -Refer to Table 6

Question 65

Multiple Choice

Table 6.4
 Table 6.4 Year  Price Index  Nominal GDP 2001100$95 billion 2002105$110 billion 2003110$120 billion 2004120$125 billion 2005132$137.5 billion \begin{array}{l}\text { Table } 6.4\\\begin{array} { c c c } \text { Year } & \text { Price Index } & \text { Nominal GDP } \\\hline 2001 & 100 & \$ 95 \text { billion } \\2002 & 105 & \$ 110 \text { billion } \\2003 & 110 & \$ 120 \text { billion } \\2004 & 120 & \$ 125 \text { billion } \\2005 & 132 & \$ 137.5 \text { billion }\end{array}\end{array}
-Refer to Table 6.4, which shows the price indexes and the nominal gross domestic product (GDP) for an economy from 2001 to 2005. What happened to the real GDP between 2002 and 2005?


A) It increased more than $5 billion.
B) It decreased more than $5 billion.
C) It increased by less than $1 billion.
D) It decreased by less than $1 billion.
E) It remained constant.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions