Which of the European Nations Was Least Prepared to Go

question 3

Multiple Choice

Which of the European nations was least prepared to go to war?

• A)Germany
• B)Russia
• C)France
• D)England
• E)Austro-Hungary

---

Definitions:

Price Index

A statistical measure that examines the weighted average of prices of a basket of consumer goods and services, indicating trends in inflation and deflation.

Nominal GDP

The market value of all finished goods and services produced within a country in a year, measured using current prices without adjusting for inflation.

Real GDP

The total value of all goods and services produced across a nation within a specific year, adjusted for inflation, reflecting the economy's actual growth.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, indicating the level of inflation.