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Answer the Question on the Basis of the Following Information

Question 119

Multiple Choice

Answer the question on the basis of the following information:  Year 12345 Nominal GDP $550560576586604 Price Index140135120117108\begin{array}{c}\begin{array}{c}\\\underline{\text { Year }} \\1 \\2 \\3 \\4 \\5\end{array}\begin{array}{c}\text { Nominal}\\\underline{\text { GDP } }\\ \$ 550 \\560 \\576 \\586 \\604\end{array}\begin{array}{c}\text { Price}\\\underline{\text { Index}}\\140 \\135 \\120 \\117 \\108\end{array}\end{array}
The economy above has experienced a:


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

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