The Table Below Shows the Price Indexes and the Nominal

question 12

Multiple Choice

The table below shows the price indexes and the nominal gross domestic product (GDP) for an economy from 2001 to 2005.The real GDP _____ between 2001 and 2002.
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Table 6.3
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$$\begin{array} { c c c } \text { Year } & \text { Price Index } & \text { Nominal GDP } \\\hline 2001 & 100 & \$ 95 \text { billion } \\2002 & 105 & \$ 110 \text { billion } \\2003 & 110 & \$ 120 \text { billion } \\2004 & 120 & \$ 125 \text { billion } \\2005 & 132 & \$ 137.5 \text { billion }\end{array}$$

• A)increased by slightly less than $10 billion
• B)decreased by slightly more than $5 billion
• C)remained constant
• D)increased by only about $1 billion
• E)increased more than $20 billion

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Definitions:

Order Fulfillment Department

A division within a company responsible for processing and delivering orders to customers.

Customer Cost Analysis

A process that evaluates all costs associated with acquiring and retaining customers, aiming to optimize profitability and identify cost-saving opportunities.

Time-Driven Activity-Based Costing

A refinement of activity-based costing that assigns costs to products or services based on the time resources are expected to use.

Tech Support Department

A department within a company responsible for providing assistance and troubleshooting services to customers or employees regarding technological products or services.