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According to the Hypothetical Economy in Figure 5

Question 43

Multiple Choice

According to the hypothetical economy in Figure 5.2,real GDP differs from nominal GDP from 1980 to 2000 because A) Price level increases caused real GDP to increase. B) Population growth exceeded output growth. C) Inflation caused the dollar value of output to decrease. D) Inflation caused the dollar value of output to increase. According to the hypothetical economy in Figure 5.2,real GDP differs from nominal GDP from 1980 to 2000 because


A) Price level increases caused real GDP to increase.
B) Population growth exceeded output growth.
C) Inflation caused the dollar value of output to decrease.
D) Inflation caused the dollar value of output to increase.

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