Use the Following to Answer Question

question 64

Multiple Choice

Use the following to answer question.
Exhibit: Price and Output Data for a Small Nation

-(Exhibit: Price and Output Data for a Small Nation) Consider 2003 as the base period. What is the value of nominal output in 2003?

• A) $100,000
• B) $500,000
• C) $125,000
• D) $200,000

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Definitions:

Black Canadian

A Canadian citizen or resident of African or Caribbean descent, contributing to the rich multicultural landscape of Canada.

Single-Parent Household

A living arrangement consisting of one parent and their children, without the involvement of a second parent in the home.

University Education

A level of education pursued after the completion of secondary education, involving undergraduate and postgraduate studies at universities.

Ethnic Group

A community or population of people who share common cultural traits, ancestry, language, history, and sometimes physical characteristics.