Consider the following data on U. S. GDP:
Year GDP
(Billions of current dollars) (Billions of...
Consider the following data on U. S. GDP:
Year GDP
(Billions of current dollars) (Billions of 2012 dollars)
2014 17,521.7 16,899.8
2015 18,219.3 17,386.7
2016 18,707.2 17,659.2
2017 19,485.4 18,050.7
2018 20,494.1 18,566.4
The percentage change in nominal GDP from 2016 to 2017 was:
The percentage change in real GDP from 2014 to 2015 was
The percentage change in real GDP from 2014 to 2015 was higher than the percentage change in real GDP from 2015 to 2016.
a. True
b. False
Answers: 2
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