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In 2015, the price of every good and service is 6% higher than in 2014, but the economy produces exactly the same quantity of every
In 2015, the price of every good and service is 6% higher than in 2014, but the economy produces exactly the same quantity of every good and service in 2015 as in 2014. From 2014 to 2015 O nominal GDP and real GDP each grow by 6%. O nominal GDP grows by 6%, real GDP remains constant O nominal GDP remains constant, real GDP grows by 6%. O nominal GDP and real GDP each grow by 3%
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