The Table Given Below Lists the Price Per Unit and Output

question 83

Multiple Choice

The table given below lists the price per unit and output of computers and calculators (the only two goods produced by a nation) for the years 1995 and 2003. Table 5.6
Refer to Table 5.6.Calculate the nominal GDP for 1995.

• A)$223, 000
• B)$254, 000
• C)$448, 000
• D)$520, 000
• E)$110, 000

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Definitions:

African Diaspora

Refers to the communities throughout the world that are descended from the historic movement of peoples from Africa, predominantly to the Americas, Europe, Asia, and the Middle East, through the transatlantic slave trade, migration, and other means.

Anticommunist Hysteria

A period marked by heightened fear and suspicion of communist influence on society, often leading to irrational accusations and violations of civil liberties.

Joseph McCarthy

A U.S. Senator known for his campaign against alleged communists in the government and military during the early 1950s, a period known as the McCarthy era.

American Communist Party

A political party in the United States that advocates for a Marxist-Leninist form of government and socialism, established in 1919.