Eden, a country, produces just two output goods: apples and oranges. In 2014 the prices of apples and oranges were $10 and $24, respectively. In 2015, the prices increased to $12 and $25. The quantities produced of the two goods were 100 and 20, respectively, in both 2014 and 2015. From this information select one incorrect answer.

a.

The nominal GDP growth rate between 2014 and 2015 is 14.9%.

b.

The nominal GDP in 2014 is $1,480.

c.

The economy of Eden grew between 2014 and 2015 in real terms.

d.

The economy of Eden was the same size in both periods in real terms.