Table 5-4 Shows Price and Output Data for an Economy

question 98

Multiple Choice

Table 5-4 shows price and output data for an economy. Assume that 1994 is the base period. Use the table to answer questions .
Table 5-4

-Refer to Table 5-4. In _____, nominal GDP increased over the previous year due to an increase in output and not due to a change in prices.

• A) 1996
• B) 1999
• C) 1998
• D) 1995 and 1999

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Definitions:

Childrearing Practices

The methods and strategies employed by parents and guardians in raising their children.

Sociobiology

A field of scientific study that explores the biological basis of social behaviors in animals and humans.

Male Power

The dominance of men in social, economic, and political spheres, often at the expense of women's rights and equality.

Privilege

A special right, advantage, or immunity granted or available only to a particular person or group.