Question

In a given year, nominal GDP grew by approximately 4%, while real GDP grew by only 2.3%. This difference can be accounted for by the fact that _____.(1 point) Responses prices of goods and services decreased during the year prices of goods and services decreased during the year prices of goods and services increased during the year prices of goods and services increased during the year net exports were positive during the year net exports were positive during the year net exports were negative during the year

Answer 1

prices of goods and services increased during the year