Consider the Following Data That Gives the Quantity Produced and Unit

question 127

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.

-Assuming the price level increased,if real GDP is greater than nominal GDP for a given year,then:

• A) the growth in output was less than the growth in the price level.
• B) the growth in output was greater than the growth in the price level.
• C) the growth in output was equal to the growth in the price level.
• D) the given year is before the base year.
• E) the given year is after the base year.

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Definitions:

Cash Flow

The whole amount of funds that are being transferred into and out of a company, affecting its immediate financial viability.

Assets

Resources owned by a company from which future economic benefits are expected.

Earnings Per Share

A company's profit divided by its number of outstanding shares, indicating the profitability of the company on a per-share basis.