Suppose that GDP increases in 2015,but real GDP decreases during the year.It can be concluded that

A) output declined or we had deflation in 2015.
B) the price level fell in 2015.
C) inflation was zero in 2015.
D) output increased in 2015.

Real GDP Decreases

A decline in the inflation-adjusted value of all goods and services produced within a country, indicating a contraction in the economy.

GDP Increases

The rise in the market value of all final goods and services produced within a country over a specific time period, indicating economic growth.

Price Level

A measure of the average prices of goods and services in an economy over a period of time, often used to assess inflation.