The table below shows the index of Gross Domestic Product (GDP) measured at current prices (nominal GDP) and the associated price index for an economy.
| Year | Index of GDP at current prices (2015=1002015 = 1002015=100) | Price index (2015=1002015 = 1002015=100) |
|---|---|---|
| 2012 | 75 | 75 |
| 2022 | 125 | 115 |
Based on the table, which one of the following statements is correct for the period between 2012 and 2022?
Real GDP rose by 50%50\%50%.
Nominal GDP rose by 50%50\%50%.
Real GDP rose by less than 50%50\%50%.
Nominal GDP rose by less than 50%50\%50%.
