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:

Systemic Training

Education or training focused on understanding and addressing issues within the context of the larger systems (e.g., family, organization) in which they occur.

Effective Parenting

Strategies and approaches in raising children that foster their physical, emotional, and psychological well-being, leading to healthy development.

Adlerian Approach

A psychological theory founded by Alfred Adler, focusing on the importance of feelings of inferiority and striving for superiority as motivational forces in human behavior.

Middle-Upper Income

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