44. The following table includes data for the country of Fredonia: Year Real Gross Domestic Product (in
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44. The following table includes data for the country of Fredonia: Year Real Gross Domestic Product (in dollars) Nominal Gross Domestic Product (in dollars) 2016 150 billion 43 billion 2017 180 billion 120 billion 2018 190 billion 190 billion 2019 200 billion 220 billion Which of the following can be concluded from the data in the table? (A) The economy was producing higher quality goods and services in 2019. (B) The base year for the price index was 2016. (C) The base year for the price index was 2017. (D) The base year for the price index was 2018. (E) The economy was experiencing deflation during all 4 years.
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