The Table Given Below Lists the Price Per Unit and Output

question 101

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.What is the nominal GDP for 2003?

• A)$223, 000
• B)$254, 000
• C)$376, 000
• D)$448, 000
• E)$520, 000

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Definitions:

Common Stock

A type of security that denotes ownership in a corporation and represents a claim on part of the corporation's profits or losses.

Cash Flow Statement

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Investing Activities

Transactions involving the acquisition or disposal of long-term assets and other investments not considered as cash equivalents by a company.

Net Book Value

The current book value of an asset or company after accounting for depreciation or amortization.