Refer to the Following Table When Answering the Following Questions

question 104

Multiple Choice

Refer to the following table when answering the following questions. In this economy, only two goods are produced: video games and pistachios.
Table 2.3: National Income Accounting
-Consider Table 2.3. Using the Laspeyres index, the percent change in nominal GDP was about:

• A) 5 percent.
• B) 1 percent.
• C) 6 percent.
• D) 0 percent.
• E) Not enough information is given.

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Definitions:

Illegal

Activities or actions that are prohibited by law and subject to penalties.

Non-Canadian Ship

A vessel that is registered under the flag of a country other than Canada, subject to the maritime laws of its flag state.

Canadian Coastal Trade

The transport of goods or passengers between two points within Canada by sea, subject to specific regulations and protections.

Shipworkers' Trade Union

An organization that represents the interests and rights of workers in the shipping or maritime industry.