The seasonally adjusted data below depict the performance of the economy of Oceanian in 2015. Year/Quarter Annual Percen

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The seasonally adjusted data below depict the performance of the
economy of Oceanian in 2015.
Year/Quarter
Annual Percent Change Nominal GDP
Annual Percent Change Real GDP
2015/Q1
-1.2
+4.5
2015/Q2
-0.8
+3.7
2015/Q3
-0.3
+3.2
2015/Q4
+0.5
+2.8
Real GDP in the fourth quarter of 2015 was _____ it was in the
second quarter of 2015.
Select one:
A.
the same as
B.
less than
C.
greater than
Clear my choice
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Suppose Lori agrees to lend her sister Holly $1000 for one year
at a fixed nominal rate of interest. Suppose further that, at the
time the loan is made, Lori expects the rate of inflation to be 4
percent and Holly expects it to be 3 percent over the course of the
year. If the actual inflation rate turns out to be 5 percent, then
Lori will be _____ off and Holly will be _____ off than expected,
everything else held constant.
Select one:
A.
better; worse
B.
worse; worse
C.
better; better
D.
worse; better