Assume That Between 1995 and 2000 Nominal GDP Increased from $1,000

question 120

Multiple Choice

Assume that between 1995 and 2000 nominal GDP increased from $1,000 to $2,500,and the index of prices increased from 100 to 200.Which of the following expresses GDP for 2000 in terms of 1995 prices?

• A)$1,000
• B)$1,250
• C)$2,500
• D)$5,000

---

Definitions:

Mean Cholesterol Level

The average value of cholesterol measurements across a group of individuals or samples, used in assessing health and disease risk.

Standard Deviation

A statistical metric that quantifies the spread of data points in a dataset relative to their average value.

Confidence Interval

A repository of values, extracted from the evaluation of sample data, seen as likely to encapsulate the value of an enigmatic population parameter.

Random Sample

A subset of a statistical population where each member has an equal chance of being chosen, ensuring the sample's representativeness.