Table 1. U.S. Gross Domestic Product in 1945 and 1946 1945 1946 Nominal GDP $0.2 trillion $0.2 trillion Real GDP (2012 chain-weighted dollars) $2.3 trillion $2.1 trillion Based on the data in Table 1, the growth rate of nominal GDP in the U.S. between 1945 and 1946 was A. negative B. decreasing C. ambiguous
Table 1. U.S. Gross Domestic Product in 1945 and 1946 1945 1946 Nominal GDP $0.2 trillion $0.2 trillion Real GDP (2012 chain-weighted dollars) $2.3 trillion $2.1 trillion Based on the data in Table 1, the growth rate of nominal GDP in the U.S. between 1945 and 1946 was A. negative B. decreasing C. ambiguous
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Table 1. U.S.
|
1945 |
1946 |
Nominal GDP |
$0.2 trillion |
$0.2 trillion |
Real GDP (2012 chain-weighted dollars) |
$2.3 trillion |
$2.1 trillion |
Based on the data in Table 1, the growth rate of nominal GDP in the U.S. between 1945 and 1946 was
A. negative
B. decreasing
C. ambiguous
D. zero
E. positive
F. increasing
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