Multiple Choice
Use the following to answer question.
Exhibit: Price and Output Data for a Small Nation
-(Exhibit: Price and Output Data for a Small Nation) Consider 2003 as the base period. What is the value of nominal output in 2003?
A) $100,000
B) $500,000
C) $125,000
D) $200,000
Correct Answer:

Verified
Correct Answer:
Verified
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