$$\begin{array} { l l l }
& 2009 & 2010 \
\text { Nominal GDP } ( \$ \text { billions } ) & \$ 14,700 & \$ 15,200 \
\text { Real GDP } ( \$ \text { billions } 2000 \text { chain weighted) } & \$ 12,100 & \$ 11,900
\end{array}$$
Based on the data in the table above, explain what happened to output and prices in the economy between
2009 and 2010.

Question

$$\begin{array} { l l l } 
& 2009 & 2010 \
\text { Nominal GDP } ( \$ \text { billions } ) & \$ 14,700 & \$ 15,200 \
\text { Real GDP } ( \$ \text { billions } 2000 \text { chain weighted) } & \$ 12,100 & \$ 11,900
\end{array}$$
Based on the data in the table above, explain what happened to output and prices in the economy between
2009 and 2010.

Quizplus · Accepted Answer

The Answer of $$\begin{array} { l l l } 
& 2009 & 2010 \
\text { Nominal GDP } ( \$ \text { billions } ) & \$ 14,700 & \$ 15,200 \
\text { Real GDP } ( \$ \text { billions } 2000 \text { chain weighted) } & \$ 12,100 & \$ 11,900
\end{array}$$
Based on the data in the table above, explain what happened to output and prices in the economy between
2009 and 2010.

Based on the Data in the Table Above, Explain What