As of 2017, 19 countries in Europe had adopted the euro as their common currency. These countries are called the euro zone. According to an article in the Economist, “The euro zone’s GDP grew at an...

As of 2017, 19 countries in Europe had adopted the euro

as their common currency. These countries are called the

euro zone. According to an article in the Economist, “The

euro zone’s GDP grew at an annualized rate of around 2%

in the first quarter.” Is it likely that the article is referring

to the growth in nominal GDP or the growth in real GDP?

Briefly explain.

Source: “The World This Week,” Economist, May 6, 2017.