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An item made in 1998 has a price tag on it, from 1998, of $49.00. Which of the following statements is true? Group of answer

An item made in 1998 has a price tag on it, from 1998, of $49.00. Which of the following statements is true?

Group of answer choices

a- $49 is the nominal price in 1998 dollars.

b- $49 is the real price of the item today in 2013.

c- The real price, in 2013 dollars, is higher than $49.

d- The real price, in 2013 dollars, is lower than $49.

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