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.
Definitions:
Nurture
The influence of external factors such as environment, education, and social experiences on the development of an individual.
Intellectual Stimulation
The act of engaging and challenging the mind to foster learning and creativity.
IQs
Stands for Intelligence Quotients, a measure of a person's intellectual abilities in relation to an average score, typically assessed through standardized tests.
Reaction Range
The concept that genetic potential for a trait sets limits on the range of possible outcomes, but the environment determines where within those limits an individual will fall.
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