A Country Reported a Nominal GDP of $85 Billion in 2008

Multiple Choice

A country reported a nominal GDP of $85 billion in 2008 and $100 billion in 2007.It also reported a GDP deflator of 100 in 2008 and 105 in 2007.Between 2007 and 2008,

A) real output and the price level both rose.
B) real output rose and the price level fell.
C) real output fell and the price level rose.
D) real output and the price level both fell.