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

question 73

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 prices and not due to a change in output.

• A) 1996
• B) 1999
• C) 1995, 1997, and 1999
• D) 1998

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