Table 5-4 shows price and output data for an economy. Assume that 1994 is the base period. Use the table to answer questions .
Table 5-4

-Refer to Table 5-4. In _____, nominal GDP increased over the previous year due to an increase in output and not due to a change in prices.

Question

Table 5-4 shows price and output data for an economy. Assume that 1994 is the base period. Use the table to answer questions .
Table 5-4
 
-Refer to Table 5-4. In _____, nominal GDP increased over the previous year due to an increase in output and not due to a change in prices.

Quizplus · Accepted Answer

The Answer of Table 5-4 shows price and output data for an economy. Assume that 1994 is the base period. Use the table to answer questions .
Table 5-4
 
-Refer to Table 5-4. In _____, nominal GDP increased over the previous year due to an increase in output and not due to a change in prices.

Table 5-4 Shows Price and Output Data for an Economy