Use the Following to Answer Question

question 64

Multiple Choice

Use the following to answer question.
Exhibit: Price and Output Data for a Small Nation

-(Exhibit: Price and Output Data for a Small Nation) Consider 2003 as the base period. What is the value of nominal output in 2003?

• A) $100,000
• B) $500,000
• C) $125,000
• D) $200,000