Suppose the base year is 2001. Looking at GDP data from the United States from 2001 to the present, what would be true of the relationship between nominal GDP and real GDP? OA RGDP NGDP because prices are stable OB. RGDP NGOP because prids are falling OD. The relationship is uncertain without more information on prices

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Suppose the base year is 2001. Looking at GDP data from the United States from 2001 to the present, what would be true of the relationship between nominal GOP and real GDP?
OA. RGDP NGDP because prices are stable.
OB. RGDP <NGDP because prices are rising
OC. RGDP> NGDP because pridas are falling
OD. The relationship is uncertain without more information on prices.
Transcribed Image Text:Suppose the base year is 2001. Looking at GDP data from the United States from 2001 to the present, what would be true of the relationship between nominal GOP and real GDP? OA. RGDP NGDP because prices are stable. OB. RGDP <NGDP because prices are rising OC. RGDP> NGDP because pridas are falling OD. The relationship is uncertain without more information on prices.
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