The graphic below depicts the nominal and real GDP in Japan. What is the significance of the two curves crossing in 2005? 

Select one: 

a. Nominal GDP is equal to real GDP during this year which is considered as the base year. 

b. Nominal GDP is greater than real GDP during this year. 

c. Nominal GDP is lower than real GDP during this year. 

d. Nominal GDP is equal to real GDP during this year which is considered as the current year.

 

550 Nominal - Real (2005 prices) 525 500 475 450 425 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 Source: SNA (National Accounts of Japan) (Cabinet Office) 2. Japanese nominal and real GDP Yen,trillions