Table 19-16
$$\begin{array} { | l | r | r | }
\hline & \mathbf { 2 0 1 5 } & \mathbf { 2 0 1 6 } \
\hline \text { Nominal GDP } & \$ 10,000 & \$ 12,000 \
\hline \text { Real GDP } & 9,500 & 10,500 \
\hline
\end{array}$$
-Refer to Table 19-16.Given the information above,what can we say has happened in the economy from 2015 to 2016?

Question

Table 19-16
 $$\begin{array} { | l | r | r | } 
\hline & \mathbf { 2 0 1 5 } & \mathbf { 2 0 1 6 } \
\hline \text { Nominal GDP } & \$ 10,000 & \$ 12,000 \
\hline \text { Real GDP } & 9,500 & 10,500 \
\hline
\end{array}$$
-Refer to Table 19-16.Given the information above,what can we say has happened in the economy from 2015 to 2016?

Quizplus · Accepted Answer

The table shows that the consumer price index (CPI) has increased from 240 in 2015 to 252 in 2016, indicating that the price level has risen between these two years.

Table 19-16 -Refer to Table 19-16