Suppose the base year is 2001. Looking at GDP data from the United States from 2001 to the present, what would be true of the r
elationship between nominal GDP and real GDPLOADING...? A. RGDP < NGDP because prices are rising.
B. RGDP = NGDP because prices are stable.
C. RGDP > NGDP because prices are falling.
D. The relationship is uncertain without more information on prices.
The correct answer is A. RGDP < NGDP because prices are rising.
Explanation:
To calculate the nominal GDP and get information related to that it is necessary to be aware about the currect market prices, It measures it without adjusting for the current inflation. On the other hand, Real GDP includes only economic output.
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