Table 19-16 -Refer to Table 19-16

question 54

Multiple Choice

Table 19-16
$$\begin{array} { | l | r | r | } \hline & \mathbf { 2 0 1 5 } & \mathbf { 2 0 1 6 } \\\hline \text { Nominal GDP } & \$ 10,000 & \$ 12,000 \\\hline \text { Real GDP } & 9,500 & 10,500 \\\hline\end{array}$$
-Refer to Table 19-16.Given the information above,what can we say has happened in the economy from 2015 to 2016?

• A)The price level has fallen.
• B)The price level has risen.
• C)The price level has remained constant.
• D)Not enough information is available to determine what has happened to prices.

---

Definitions:

Primal Experiences

Fundamental, deeply impactful events or realizations that shape an individual's psyche and perceptions from an early stage.

Social Relationships

Connections and interactions between individuals, influenced by mutual interests, social status, and emotional bonds, defining social structures.

Consciousness

The condition in which an individual is conscious of and can contemplate their own being, feelings, ideas, environment, and so forth.

Future Aspirations

The hopes or ambitions of achieving something in the future.