Answer the Question on the Basis of the Following Information

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

A) the price level is rising faster than nominal GDP.
B) nominal and real GDP are growing at the same rate.
C) the growth of nominal GDP understates the growth of real GDP.
D) the growth of nominal GDP overstates the growth of real GDP.