Refer to the Following Table When Answering the Following Questions

question 104

Multiple Choice

Refer to the following table when answering the following questions. In this economy, only two goods are produced: video games and pistachios.
Table 2.3: National Income Accounting
-Consider Table 2.3. Using the Laspeyres index, the percent change in nominal GDP was about:

• A) 5 percent.
• B) 1 percent.
• C) 6 percent.
• D) 0 percent.
• E) Not enough information is given.

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