Multiple Choice
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 output and not due to a change in prices.
A) 1996
B) 1999
C) 1998
D) 1995 and 1999
Correct Answer:

Verified
Correct Answer:
Verified
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