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Table 1. U.S. Gross Domestic Product in 1945 and 1946   1945 1946 Nominal GDP $0.2 trillion $0.2 trillion Real GDP (2012 chain-weighted dollars) $2.3 trillion $2.1 trillion Based on the data in Table 1, the growth rate of nominal GDP in the U.S. between 1945 and 1946 was A. negative B. decreasing C. ambiguous

Table 1. U.S. Gross Domestic Product in 1945 and 1946   1945 1946 Nominal GDP $0.2 trillion $0.2 trillion Real GDP (2012 chain-weighted dollars) $2.3 trillion $2.1 trillion Based on the data in Table 1, the growth rate of nominal GDP in the U.S. between 1945 and 1946 was A. negative B. decreasing C. ambiguous

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
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Table 1. U.S. Gross Domestic Product in 1945 and 1946

 

1945

1946

Nominal GDP

$0.2 trillion

$0.2 trillion

Real GDP (2012 chain-weighted dollars)

$2.3 trillion

$2.1 trillion

Based on the data in Table 1, the growth rate of nominal GDP in the U.S. between 1945 and 1946 was

A. negative

B. decreasing

C. ambiguous

D. zero

E. positive

F. increasing 

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