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(Table: Price and Output Data) Use Table: Price and Output

Question 92

Multiple Choice

(Table: Price and Output Data) Use Table: Price and Output Data. Between years 2 and 3, the amount of change in nominal GDP due to inflation was:  Year  Output  Price per Unit 12$22343= base period 45466579\begin{array} { | l | l | l | } \hline \text { Year } & \text { Output } & \text { Price per Unit } \\\hline 1 & 2 & \$ 2 \\\hline 2 & 3 & 4 \\\hline 3 = \text { base period } & 4 & 5 \\\hline 4 & 6 & 6 \\\hline 5 & 7 & 9 \\\hline\end{array}


A) 100%
B) 100%.
C) 34%.
D) 34%
E) 22%.
F) 22%
G) 5%
H) 5%.

Correct Answer:

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