Answer the next question based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year.YearUnits of OutputPrice per Unit18$22103315441855206In year 4, nominal GDP would be ________.

Price controls would ordinarily be used to increase rather than decrease prices of depletable resources.

Answer the following statement true (T) or false (F)

The unemployment rate equals the number of people:

A. unemployed. B. unemployed divided by the labor force. C. unemployed divided by the number employed. D. unemployed plus discouraged workers divided by the labor force.