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Table 23-7 The table below contains data for the country of Togogo. The base year is 1974. Year Nominal GDP CPI 1974 $2000 100 1975

Table 23-7 The table below contains data for the country of Togogo. The base year is 1974.

Year

Nominal GDP

CPI

1974

$2000

100

1975

$3000

120

1976

$3750

150

1977

$6000

200

Refer to Table 23-7. Which of the following is not correct?

This economy experienced growth from 1974 to 1975.

This economy experienced growth from 1975 to 1976.

This economy experienced growth from 1976 to 1977.

This economy experienced inflation from 1974 to 1975, from 1975 to 1976, and from 1976 to 1977.

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