Assume an Economy That Makes Only One Product and That

question 154

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \text { Year } & \text { Units of Output } & \text { Price Per Unit } \\\hline 1 & 3 & \$ 3 \\\hline 2 & 4 & 4 \\\hline 3 & 6 & 5 \\\hline 4 & 7 & 7 \\\hline 5 & 8 & 8 \\\hline\end{array}$$ Assume an economy that makes only one product and that year 3 is the base year. Output and price data for a ?ve-year period are shown in the table. The nominal GDP for year 4 is

• A) $49.
• B) $55.
• C) $40.
• D) $35.

---

Definitions:

Zhou

Refers to an individual's surname of Chinese origin; without additional context, its significance could range from historical figures to contemporary individuals.

Systematic Rape

The use of rape and sexual violence as a method of warfare or terror, often systematically employed by armed forces or groups to intimidate, dominate, or forcibly relocate populations.

Armed Conflicts

Disputes between states, organizations, or groups involving the use of armed force, which can lead to widespread violence and human suffering.

Cultural Genocide

The systematic destruction of a group's culture, including language, traditions, and heritage, often as part of an oppressive regime.