The Table Below Indicates the Price and Output Data Over

question 47

Multiple Choice

The table below indicates the price and output data over a five-year period for an economy that produces only one good. Refer to the above data.The nominal GDP for year 4:

• A)is $90.
• B)is $55.
• C)is $40.
• D)is $35.

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Definitions:

Certificate of Limited Partnership

A legal document filed with a state governmental body that officially recognizes a limited partnership's existence.

Capital Contributions

Monetary or non-monetary assets provided by partners or shareholders to increase the capital of a partnership or corporation.

LLC

A limited liability company, which is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Distribution of Profits

The allocation of a company's earnings to its shareholders or owners, typically in the form of dividends.