Assume the Table Has Recorded the Total Output and Prices

question 91

Multiple Choice

Assume the table has recorded the total output and prices of the only two goods produced. Looking at the changes in real GDP and nominal GDP from 2001 to 2002, we can conclude:

• A) output and prices increased.
• B) only output increased.
• C) only prices increased.
• D) output increased, but prices decreased.

---

Definitions:

Early Education

Early education encompasses the teaching and learning processes that occur in children from birth to the age of 8, focusing on foundational skills and knowledge.

Independence

The state or condition of being self-reliant and free from outside control.

Open House

An event where a place or institution is open to the public for viewing, often used by schools and real estate agents to showcase properties or facilities.

Universal Preschool

An educational initiative aimed at providing preschool education to all children, regardless of their family's income or socio-economic status.