Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

The table gives a country's total output and its mean price for each of three years. year output (millions) price ($) 1 10 20 2 12 24 3 13 26 What conclusion can be drawn about output?

  • ANominal output and real output increased at the same rate.
  • BNominal output rose at a faster rate than real output.
  • CNominal output rose at an increasing rate.
  • DReal output rose at a constant rate.

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