Assume an Economy That Makes Only One Product and That

question 144

Multiple Choice

Assume an economy that makes only one product and that year 3 is the base year.Output and price data for a five-year period are as follows.Answer the question on the basis of these data. $\begin{array}{c}\begin{array}{c}\\\underline{\text { Year }} \\1 \\2 \\3 \\4 \\5\end{array}\begin{array}{c}\text { Units of}\\\underline{\text { Output}}\\3 \\4 \\6 \\7 \\8\end{array}\begin{array}{c}\text { Price Per } \\\underline{\text { Unit } }\\ \$ 3 \\4 \\5 \\7 \\8\end{array}\end{array}$
Refer to the data.The nominal GDP for year 4 is:

• A) $49.
• B) $55.
• C) $40.
• D) $35.

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Definitions:

Inhalation

The act of breathing in; drawing air or other substances into the lungs.

Physical Contact

The act of two or more objects or substances touching or coming into direct interaction with each other.

Ingestion

The act of taking food, drink, or another substance into the body through the mouth.