Use the following to answer questions .
Exhibit: Price and Output Data for an Economy
-(Exhibit: Price and Output Data for an Economy) Assume that 1994 is the base period. In _____, nominal GDP increased over the previous year due to an increase in output and not due to a change in prices.
Definitions:
Return On Total Assets
A profitability ratio measuring net income produced by total assets during a period by comparing net income to the average total assets.
Dividends
Distributions to shareholders from a corporation, typically originating from the firm's earnings.
Market Price
The contemporary selling or buying price for an asset or service in the marketplace.
Earnings Per Share
A financial ratio calculated as a company's net income divided by the number of outstanding shares of its common stock.
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