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If Real GDP in 2017 (Using 2007 Prices)is Lower Than

Question 45

Multiple Choice

If real GDP in 2017 (using 2007 prices) is lower than nominal GDP of 2016, then


A) prices in 2017 are lower than prices in 2016.
B) nominal GDP in 2017 equals nominal GDP in 2016.
C) prices in 2017 are higher than prices in 2016.
D) real GDP in 2017 is larger than real GDP in 2016.
E) the economy is going through a recession.

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