If nominal GDP in 1987 was $1 trillion,nominal GDP in 1997 was $2 trillion,and the 1987 and 1997 price indexes were 100 and 250 respectively,
A)real GDP increased between 1987 and 1997.
B)real GDP decreased between 1987 and 1997.
C)real GDP remained constant.
D)we cannot draw any conclusions about changes in real GDP.

Question

Quizplus · Accepted Answer

The Answer of If nominal GDP in 1987 was $1 trillion,nominal GDP in 1997 was $2 trillion,and the 1987 and 1997 price indexes were 100 and 250 respectively,
A)real GDP increased between 1987 and 1997.
B)real GDP decreased between 1987 and 1997.
C)real GDP remained constant.
D)we cannot draw any conclusions about changes in real GDP.

If Nominal GDP in 1987 Was $1 Trillion,nominal GDP in 1997