Suppose that our GDP rose from $20 trillion in the year 2012 to $37 trillion in the year 2013.

A) Real GDP definitely increased.
B) Real GDP definitely decreased.
C) The GDP deflator definitely doubled.
D) The GDP deflator definitely increaseD.
E) The GDP deflator definitely decreased.

Real GDP

measures the value of all final goods and services produced within a country in a given period of time, adjusted for inflation.

GDP Deflator

A gauge indicating the cost of all new, locally manufactured, final goods and services in an economy.

Trillion

A numerical value represented as 1,000,000,000,000 (10^12), indicating a massive quantity, often used in economic and astronomical contexts.