If Nominal GDP in 1987 Was $1 Trillion,nominal GDP in 1997

question 37

Multiple Choice

If nominal GDP in 1987 was $1 trillion,nominal GDP in 1997 was $2 trillion,and the 1987 and 1997 price indexes were 100 and 250 respectively,

• A)real GDP increased between 1987 and 1997.
• B)real GDP decreased between 1987 and 1997.
• C)real GDP remained constant.
• D)we cannot draw any conclusions about changes in real GDP.

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