The table below shows the annual percentage change in real GDP for an economy over a four-year period from 2021 to 2024.
| Year | Change in real GDP (%) |
|---|---|
| 2021 | 4.5 |
| 2022 | 3.1 |
| 2023 | 1.5 |
| 2024 | 0.2 |
Over the period 2021 to 2024, which one of the following can be concluded from the table?
Real national output fell in 2024 compared to 2023
The economy experienced a technical recession in 2024
Real national output was higher in 2024 than in any other year shown
The rate of inflation fell consistently from 2021 to 2024
