Last year, real GDP grew by 5% in the U.S. which implies that

Last year, real GDP grew by 5% in the U.S. which implies that

Last year, real GDP grew by 5% in the U.S. which implies that



A. nominal GDP also grew by 5%
B. aggregate real income also grew by 5%
C. Aggregate real income grew by less than 5%
D. Production grew by less than 5%





Answer: B