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Question 61

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Use the following to answer questions .
Exhibit: Price and Output Data for an Economy
Use the following to answer questions . Exhibit: Price and Output Data for an Economy -(Exhibit: Price and Output Data for an Economy) Assume that 1994 is the base period. In _____, nominal GDP increased over the previous year due to an increase in prices and not due to a change in output. A) 1996 B) 1999 C) 1995, 1997, and 1999 D) 1998
-(Exhibit: Price and Output Data for an Economy) Assume that 1994 is the base period. In _____, nominal GDP increased over the previous year due to an increase in prices and not due to a change in output.


A) 1996
B) 1999
C) 1995, 1997, and 1999
D) 1998

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