Nominal Output Is the _______ of Goods and Services Produced

question 40

Multiple Choice

Nominal output is the _______ of goods and services produced and real output is the _______ of goods and services produced.

• A) dollar value; actual amount
• B) actual amount; dollar value
• C) actual amount; dollar value with inflation
• D) dollar value with inflation; dollar value without inflation

---

Definitions:

Transactions

The action of conducting business, trade, or an agreement between two or more parties.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States to harmonize the law among the states.

Baseball Bats

Sporting equipment made of wood or metal used in the game of baseball to hit the ball.

Harvested Wheat

Wheat that has been collected from fields, typically after growing and maturing over a season, and is ready for processing or sale.