The Table Below Shows the Price Indexes and the Nominal

question 12

Multiple Choice

The table below shows the price indexes and the nominal gross domestic product (GDP) for an economy from 2001 to 2005.The real GDP _____ between 2001 and 2002.
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Table 6.3
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$$\begin{array} { c c c } \text { Year } & \text { Price Index } & \text { Nominal GDP } \\\hline 2001 & 100 & \$ 95 \text { billion } \\2002 & 105 & \$ 110 \text { billion } \\2003 & 110 & \$ 120 \text { billion } \\2004 & 120 & \$ 125 \text { billion } \\2005 & 132 & \$ 137.5 \text { billion }\end{array}$$

• A)increased by slightly less than $10 billion
• B)decreased by slightly more than $5 billion
• C)remained constant
• D)increased by only about $1 billion
• E)increased more than $20 billion

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