11. According to the textbook, which of the following statements about nominal and real GDP is most accurate? A. Nominal GDP per person is a better gauge of economic wellbeing than real GDP per person. B. Real GDP per person is a better gauge of economic wellbeing than nominal GDP per person. C. Real GDP and nominal GDP per person are equally good measures of economic wellbeing. D. Whether real GDP or nominal GDP per person is a better measure of economic wellbeing depends on what sort of goods are produced. 12. If in a given year an economy has consumption of $70 million, investment of $26 million, government purchases of $21 million, taxes of $18 million, transfer payments of $6 million, exports of $8 million, and imports of $10 million, then GDP will equal A. $139 million B. $133 million 0. $125 million D. $121 million E. $115 million 13. If nominal GDP was 500 million in the year 2014, and was 525 million in 2015, we can say that nominal GDP increased by 25 percent from 2014 to 2015. nominal GDP increased by less than 5 percent from 2014 to 2015. . nominal GDP increased by 5 percent from 2014 to 2015. . real GDP must have increased by less than 5 percent from 2014 to 2015. real GDP increased by 5 percent from 2014 to 2015. moon