Table 12-16 -Refer to Table 12-16

Multiple Choice

Table 12-16
$\begin{array}{|l|c|c|}\hline & \mathbf{2 0 1 7} & \mathbf{2 0 1 8} \\\hline \text { Nominal GDP } & \$ 10,000 & \$ 12,000 \\\hline \text { Real GDP } & 9,500 & 10,500 \\\hline\end{array}$
-Refer to Table 12-16.Given the information above,what can we say has happened in the economy from 2017 to 2018?

A) The price level has fallen.
B) The price level has risen.
C) The price level has remained constant.
D) Not enough information is available to determine what has happened to prices.