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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Definitions:

Emilio Aguinaldo

Was a Filipino revolutionary, politician, and military leader who is officially recognized as the First President of the Philippines, serving from 1899 to 1901.

Provisional Government

A temporary governmental authority established to manage state affairs until a permanent structure is instituted, often after a coup or during transitions.

Plessy v. Ferguson

A significant 1896 decision by the U.S. Supreme Court that confirmed racial segregation was constitutional if facilities for each race were "separate but equal."

Segregation

The enforced separation of different racial groups in a country, community, or establishment, often noted for its role in the historical and social landscapes of the United States.