The table presents real GDP as an index number for each quarter of 2021 (2020 = 100). Q1 99.4; Q2 99.3; Q3 100.1; Q4 100.4. What conclusion can be drawn from the table?
- AInflation reduced the real value of GDP in the first six months of 2021.
- BReal GDP was lower at the end of 2021 than 2020.
- CThe economy was in recession at the end of the first six months of 2021.
- DThe standard of living was higher at the end of 2021 than in 2020.