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(Table: Real and Nominal Output) Use Table: Real and Nominal

Question 8

Multiple Choice

(Table: Real and Nominal Output) Use Table: Real and Nominal Output. The year in which the increase in nominal GDP is exclusively due to the increase in the price level rather than physical output is year:  Year  Units of Output  Price per Unit 140$1230$2350$2470$4560$6660$8\begin{array} { | l | l | l | } \hline \text { Year } & \text { Units of Output } & \text { Price per Unit } \\\hline 1 & 40 & \$ 1 \\\hline 2 & 30 & \$ 2 \\\hline 3 & 50 & \$ 2 \\\hline 4 & 70 & \$ 4 \\\hline 5 & 60 & \$ 6 \\\hline 6 & 60 & \$ 8 \\\hline\end{array}


A) 2
B) 2.
C) 3.
D) 3
E) 4
F) 4.
G) 6
H) 6.

Correct Answer:

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