The table below shows the price indexes and the nominal gross domestic product (GDP)for an economy from 2001 to 2005.The real GDP _____ between 2004 and 2005.
?
Table 6.3
?
?
$$\begin{array} { c c c }
\text { Year } & \text { Price Index } & \text { Nominal GDP } \
\hline 2001 & 100 & \$ 95 \text { billion } \
2002 & 105 & \$ 110 \text { billion } \
2003 & 110 & \$ 120 \text { billion } \
2004 & 120 & \$ 125 \text { billion } \
2005 & 132 & \$ 137.5 \text { billion }
\end{array}$$
A)increased by about $5 billion
B)decreased by about $5 billion
C)remained almost constant
D)increased by about $2 billion
E)decreased by about $2 billion

Question

The table below shows the price indexes and the nominal gross domestic product (GDP)for an economy from 2001 to 2005.The real GDP _____ between 2004 and 2005.
?
Table 6.3
?
?
$$\begin{array} { c c c } 
\text { Year } & \text { Price Index } & \text { Nominal GDP } \
\hline 2001 & 100 & \$ 95 \text { billion } \
2002 & 105 & \$ 110 \text { billion } \
2003 & 110 & \$ 120 \text { billion } \
2004 & 120 & \$ 125 \text { billion } \
2005 & 132 & \$ 137.5 \text { billion }
\end{array}$$
A)increased by about $5 billion
B)decreased by about $5 billion
C)remained almost constant
D)increased by about $2 billion
E)decreased by about $2 billion

Quizplus · Accepted Answer

The Answer of The table below shows the price indexes and the nominal gross domestic product (GDP)for an economy from 2001 to 2005.The real GDP _____ between 2004 and 2005.
?
Table 6.3
?
?
$$\begin{array} { c c c } 
\text { Year } & \text { Price Index } & \text { Nominal GDP } \
\hline 2001 & 100 & \$ 95 \text { billion } \
2002 & 105 & \$ 110 \text { billion } \
2003 & 110 & \$ 120 \text { billion } \
2004 & 120 & \$ 125 \text { billion } \
2005 & 132 & \$ 137.5 \text { billion }
\end{array}$$
A)increased by about $5 billion
B)decreased by about $5 billion
C)remained almost constant
D)increased by about $2 billion
E)decreased by about $2 billion

The Table Below Shows the Price Indexes and the Nominal