Consider the Following Data That Gives the Quantity Produced and Unit

question 106

Multiple Choice

Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next five questions: Assume that the base year is 2012.

-What was the nominal GDP in 2012?

• A) $3,600
• B) $3,900
• C) $3,350
• D) $3,000
• E) $8,550

---

Definitions:

Rights and Grievances

Legitimate complaints and demands for rights recognition, often leading to advocacy and movements striving for justice and systemic change.

Committee of Correspondence

Groups organized by the American colonies in the lead-up to the Revolutionary War for the purpose of coordinating written communication outside their colony.

Stamp Act

A 1765 British law that imposed a tax on the colonies by requiring them to purchase and use stamped paper for legal documents, newspapers, and other publications, leading to widespread protest in the American colonies.

Colonial Protests

Acts of resistance or demonstration by colonial populations against the policies, rules, or taxes imposed by colonial powers or governing entities.