Question:

Between 1981 and 1982, nominal GDP rose from $3131 billion to $3259 billion,?

by  |  earlier

0 LIKES UnLike

while real GDP fell from $5,021 billion to $4,919 billion. Which statement provides a plausible explanation for this?

A. Both output and prices rose between 1981 and 1982.

B. Output rose but prices rose faster between 1981 and 1982.

C. Output fell and prices rose between 1981 and 1982.

D. Both output and prices fell between 1981 and 1982.

E. Output rose and prices fell between 1981 and 1982.

 Tags:

   Report
Answer The Question I've Same Question Too

1 ANSWERS

Sort By: Date  |  Rating

  1. C. Output fell and prices rose between 1981 and 1982.

You're reading: Between 1981 and 1982, nominal GDP rose from $3131 billion to $3259 billion,?

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Register Now