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If nominal GDP increases by 3 percent from 2004 to 2005 and real GDP increases by 5 percent from 2004 to 2005,this indicates that
Probable Reaction
An expected or likely response to a particular situation or information based on context or past behavior.
Vocabulary
The set of words that an individual knows or uses regularly in speaking or writing.
Specific Details
Precise and explicit particulars that clarify or provide depth to information or description.
Scope
The extent or range of view, understanding, or application; in projects, it defines the boundaries of the project details, goals, deliverables, and tasks.
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