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Table: Real and Nominal Output
-(Table: Real and Nominal Output) Look at the table Real and Nominal Output. The change in real output between years 3 and 4 is an increase of:
A)40%.
B)100%.
C)140%.
D)200%.

Question

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Table: Real and Nominal Output 
-(Table: Real and Nominal Output) Look at the table Real and Nominal Output. The change in real output between years 3 and 4 is an increase of:
A)40%. 
B)100%. 
C)140%. 
D)200%.

Quizplus · Accepted Answer

The change in real output is calculated by taking the difference in real output between years 3 and 4, dividing by the real output in year 3, and then multiplying by 100 to get a percentage. If the increase is 40%, then choice A is correct.

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