Multiple Choice
Refer to the following table when answering the following questions. In this economy, only two goods are produced: video games and pistachios.
Table 2.3: National Income Accounting
-Consider Table 2.3. Using the Laspeyres index, the percent change in nominal GDP was about:
A) 5 percent.
B) 1 percent.
C) 6 percent.
D) 0 percent.
E) Not enough information is given.
Correct Answer:

Verified
Correct Answer:
Verified
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