The Table Given Below Lists the Price Per Unit and Output

question 64

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
$\begin{array}{c}\quad\quad\quad\quad\text { Production Data }\\\quad\quad\quad\quad\quad\text { Prices per Unit } \quad\quad \text { Quantity }\\\begin{array}{|c|l|l|c|c|}\hline \text { Production } & \mathbf{1 9 9 5} & \mathbf{2 0 0 3} & \mathbf{1 9 9 5} & \mathbf{2 0 0 3} \\\hline \text { Computers } & \$ 2,000 & \$ 1,600 & 100 & 100 \\\text { Calculators } & \$ 60 & \$ 70 & 900 & 900 \\\hline\end{array}\end{array}$
-Refer to Table 5.6. What is the nominal GDP for 2003?

• A) $223,000
• B) $254,000
• C) $376,000
• D) $448,000
• E) $520,000

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Definitions:

Validity

The extent to which a test, tool, or method accurately measures what it's intended to measure.

Thematic Apperception Test

A projective psychological test wherein individuals express their thoughts and feelings through stories they create about ambiguous images.

TAT

Thematic Apperception Test, a psychological assessment tool in which subjects create stories based on ambiguous images, used to reveal their underlying emotions, attitudes, and patterns of thought.

Thematic Apperception Test

A projective psychological test where subjects are shown pictures and asked to create a story, revealing their underlying motives, feelings, and attitudes.