Question: The table below reports nominal and real GDP for the U.S. from 1929 to 1932. Refer to Table 23-4. What was the growth rate of

The table below reports nominal and real GDP for the U.S. from 1929 to 1932. Refer to Table 23-4. What was the growth rate of real GDP for 1931 ? a. 6.93%. Real GDP is a better gauge of economic well-being than nominal GDP. b. 6.93%. Nominal GDP is a better gauge of economic well-being than real GDP. c. 6.49%. Real GDP is a better gauge of economic well-being than nominal GDP. d. 6.49%. Nominal GDP is a better gauge of economic well-being than real GDP

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