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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)
Onet exports were negative during the year
O prices of goods and services decreased during the year
O prices of goods and services increased during the year
O net exports were positive during the year

Respuesta :

Answer: c

Explanation:

The difference between nominal GDP'S growth rate and the growth rate of real GDP, can be accounted for by the fact that prices of goods and services increased during the year.

Inflation is the general increase in the general price level. According to the Fisher  equation : ( 1 + nominal interest rate) = (1 + real interest rate) x (1 + inflation rate)

Inflation rate = (1.04 / 1.023) - 1 = 1.7%

This shows that inflation increases by 1.7%.

To learn more, please check: https://brainly.com/question/21323568

nflation is when there is an increase in the general price leel of goods and services

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