Suppose a country reported a nominal GDP of 85 billion in 2019 and 100 billion in 2018 and reported a GDP deflator of 100 in 2019 and of 105 in 2018, then from 2018 to 2019 real output a. rose and prices fell b. fell and prices rose c. and prices both rose d. and prices both fell

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section7.4: Real Gdp
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Suppose a country reported a nominal GDP of 85 billion in 2019 and 100 billion in 2018 and reported a GDP deflator of 100 in 2019 and of 105 in 2018, then from 2018 to 2019 real output


a. rose and prices fell
b. fell and prices rose
c. and prices both rose
d. and prices both fell
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