In Figure 5

question 94

Multiple Choice

In Figure 5.1,during the 1980-1990 time periods,real GDP was relatively constant but nominal GDP increased.This can be explained by

• A)Lower average price levels.
• B)Inflation.
• C)Higher levels of production.
• D)A decrease in production per capita.

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Definitions:

Karl Marx

A 19th-century philosopher, economist, and political theorist best known for his works on socialism and communism.

Capitalist Societies

Societies organized around the principles of capitalism, where private ownership, the profit motive, and market competition dominate economic and social relations.

Collective Resistance

The act of groups working together to oppose or resist authority, policy, or convention deemed unjust.

Individual Acts

Actions or behaviors carried out by individual persons, often considered in the context of how they impact or are impacted by larger social systems.