\f14 Nominal GDP Real 8 01:19:04 GDP Nominal and real GDP ($) O 1992 Time Refer to the above diagram. Which of the following statements is correct? Multiple Choice O The price Index is greater than 100 for every year shown on the graph. O Nominal GDP must be deflated in each year since 1992 to determine real GDP. O Real GDP has grown in this economy, but nominal GDP has not. O Nominal GDP must be deflated in each year prior to 1992 to determine real GDP.5 In national income accounting, G stands for: Multiple Choice 01:20:33 gross saving. government transfer payments. O government purchases O gross Investment