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Table: Real and Nominal Output
-(Table: Real and Nominal Output) Look at the table Real and Nominal Output. In which year is all of the increase in nominal output due to an increase in real output?
A)2
B)3
C)5

Question

Use the following to answer questions:
Table: Real and Nominal Output 
-(Table: Real and Nominal Output) Look at the table Real and Nominal Output. In which year is all of the increase in nominal output due to an increase in real output?
A)2 
B)3 
C)5

Quizplus · Accepted Answer

In year 3, the nominal output increased by 6% and the price level remained constant, indicating that the increase was solely due to an increase in real output.

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