Table 5-4 the Table Below Reports Nominal and Real GDP for the for the U.S

Multiple Choice

Table 5-4
The table below reports nominal and real GDP for the U.S. from 1929 to 1932.

-Refer to Table 5-3. What was the growth rate of real GDP for 1931?

A) -6.93%. Real GDP is a better gauge of economic well-being than nominal GDP.
B) -6.93%. Nominal GDP is a better gauge of economic well-being than real GDP.
C) -6.49%. Real GDP is a better gauge of economic well-being than nominal GDP.
D) -6.49%. Nominal GDP is a better gauge of economic well-being than real GDP.