Table 23-3 The following table reports nominal and real GDP…

Table 23-3 The following table reports nominal and real GDP for the U.S. from 1929 to 1932. ​ Year Nominal GDP(Billions of dollars) Real GDP(Billions of dollars) 1929 103.6 977 1930 91.2 892.8 1931 76.5 834.9 1932 58.7 725.8 Refer to Table 23-3. If prices had remained constant between 1929 and 1930, Nominal GDP would have decreased