15) Suppose we switch the base year from 2000 to 2008. This change in the base year will cause A) nominal GDP in every year to increase. B) nominal GDP in every year to decrease. C) both nominal and real GDP in every year to decrease. D) real GDP in every year to decrease. E) none of the above

ENGR.ECONOMIC ANALYSIS
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15) Suppose we switch the base year from 2000 to 2008. This change in the base year
will cause
A) nominal GDP in every year to increase.
B) nominal GDP in every year to decrease.
C) both nominal and real GDP in every year to decrease.
D) real GDP in every year to decrease.
E) none of the above
Transcribed Image Text:15) Suppose we switch the base year from 2000 to 2008. This change in the base year will cause A) nominal GDP in every year to increase. B) nominal GDP in every year to decrease. C) both nominal and real GDP in every year to decrease. D) real GDP in every year to decrease. E) none of the above
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