A researcher finds that, for an economy, the nominal GDP in the year 2015 equaled the nominal GDP in the year 2016. She also finds that the output of the economy was the same over the two years. A situation like this is possible only if ________. the annual inflation rate in the economy is negative the annual inflation rate in the economy is 0 percent the annual interest rate in the economy is negative the annual interest rate in the economy is 0 percent

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A researcher finds that, for an economy, the nominal GDP in the year 2015 equaled the nominal GDP in the year 2016. She also finds that the output of the economy was the same over the two years. A situation like this is possible only if ________.

  1. the annual inflation rate in the economy is negative
  2. the annual inflation rate in the economy is 0 percent
  3. the annual interest rate in the economy is negative
  4. the annual interest rate in the economy is 0 percent 
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