MacroEconomics Questions

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Suppose that nominal GDP in 2005 was less than real GDP in 2005.  Given this information, we know for certain that 

______ A) 
real GDP in 2005 was greater than real GDP in the base year. B) 
the price level in 2005 was greater than the price level in the base year. C) 
the price level in 2005 was less than the price level in the base year. D) 
real GDP in 2005 was less than real GDP in the base year.

 

 

With justufying please

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