Assume the Table Shown Displays the Total Output and Prices

question 100

Multiple Choice

Assume the table shown displays the total output and prices of the only two goods produced in a small economy. Looking at the changes in real GDP and nominal GDP from 2017 to 2018, because real and nominal GDP increased at the same rate, we can conclude that:

• A) there was no change in prices, only output.
• B) prices increased
• C) only the production of footballs increased.
• D) there was no change in output, only prices.

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Definitions:

Dorothea Dix

An American activist on behalf of the indigent mentally ill who, through a vigorous program of lobbying state legislatures and the United States Congress, created the first generation of American mental asylums.

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The profession or practice of providing care for the sick and infirm, focusing on patient health, recovery, and quality of life.

Volunteer Nurse

Individuals, often without formal nursing qualifications, who offer their services for free to provide care for the sick or injured, particularly in times of crisis or war.