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:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice towards other groups.

Cultural Superiority

The belief that one's own culture is superior to others, often leading to discrimination and prejudice against people from different cultures.

Ethnocentrism

The practice of evaluating other cultures according to preconceptions originating in the standards and customs of one's own culture.

Non-Human

Entities or beings that are not classified as human, including animals, plants, artificial intelligence, and supernatural creatures.