Question

. Bobby was researching the economic growth of Denmark between 2009 and 2018. Using 2009 as the base year, he calculated a 15% increase for real GDP and a 10.5% increase for nominal GDP. His results indicate that ____. A. the quantity of outputs produced decreased over the period. B. the quantity of outputs produced did not change and prices decreased over the period. C. the quantity of outputs produced and prices both decreased over the period. D. the quantity of outputs increased and prices decreased over the period. E. he need more information to calculate nominal GDP.

Answer 1

Option "D" is the correct answer to the following answer.

Step-by-step explanation:

True Gdp increases as production increases. Nominal Gdp < real Gdp since prices have dropped such that production volumes have risen and prices have declined over the duration.