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The Table Given Below Lists the Price Per Unit and Output

question 52

Multiple Choice

The table given below lists the price per unit and output of computers and calculators (the only two goods produced by a nation) for the years 1995 and 2003.
Table 5.6
 Production Data  Prices per Unit  Quantity  Production 1995200319952003 Computers $2,000$1,600100100 Calculators $60$70900900\begin{array}{c}\quad\quad\quad\quad\text { Production Data }\\\quad\quad\quad\quad\quad\text { Prices per Unit } \quad\quad \text { Quantity }\\\begin{array}{|c|l|l|c|c|}\hline \text { Production } & \mathbf{1 9 9 5} & \mathbf{2 0 0 3} & \mathbf{1 9 9 5} & \mathbf{2 0 0 3} \\\hline \text { Computers } & \$ 2,000 & \$ 1,600 & 100 & 100 \\\text { Calculators } & \$ 60 & \$ 70 & 900 & 900 \\\hline\end{array}\end{array}
-Refer to Table 5.6. Calculate the nominal GDP for 1995.

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Definitions:

Equity Financing

Raising capital through the sale of shares in a company.

Lease Financing

Using lease as a means of financing to acquire the use of assets for a specified period of time without ownership.

Mutual Fund

An investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.

Professional Manager

A person responsible for controlling or administering all or part of a company or similar organization.

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