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Table 4.18 2019 2020 Nominal GDP $10,000 $12,000 Real GDP 9,500 10,500 Refer to Table 4.18. Given the information above, what can we say has

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Table 4.18 2019 2020 Nominal GDP $10,000 $12,000 Real GDP 9,500 10,500 Refer to Table 4.18. Given the information above, what can we say has happened in the economy from 2019 to 2020? The base year is 2019 The base year is 2020 The GDP deflator in 2019 is higher than in 2020 Real growth is 9.5% The inflation rate is 8.6%

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