Table 15-4 the Table Below Reports Nominal and Real GDP for the for the U.S.from

question 380

Multiple Choice

Table 15-4
The table below reports nominal and real GDP for the U.S.from 1929 to 1932.

-Refer to Table 15-3.What was the growth rate of real GDP for 1930?

• A) -8.62%.Real GDP is a better gauge of economic well-being than nominal GDP.
• B) -8.62%.Nominal GDP is a better gauge of economic well-being than real GDP.
• C) -9.43%.Real GDP is a better gauge of economic well-being than nominal GDP.
• D) -9.43%.Nominal GDP is a better gauge of economic well-being than real GDP.

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