Use the Following to Answer Questions

question 330

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 change in real output between years 3 and 4 is an increase of:

• A)40%.
• B)100%.
• C)140%.
• D)200%.

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Definitions:

Economic Expansion

The situation that occurs when an economy is growing and people are spending more money; their purchases stimulate the production of goods and services, which in turn stimulates employment.