Use the Following to Answer Questions

question 159

Multiple Choice

Use the following to answer questions:
Table: Real and Nominal Output
-(Table: Real and Nominal Output) Look at the table Real and Nominal Output. The price index in year 1, using year 4 as the base period, is:

• A)25
• B)50.
• C)100.
• D)150.

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Definitions:

Federal Energy Regulatory Commission

A U.S. government agency that regulates the interstate transmission of electricity, natural gas, and oil.

Transportation

The movement of goods or people from one location to another, facilitated by various modes such as road, rail, air, or sea.

Wholesale Price

The cost of goods sold in large quantities primarily to retailers or other merchants, rather than directly to consumers.

Laws of Nature

Fundamental principles or forces that govern the physical universe, including laws of physics, chemistry, and biology.