Table 10-5
a Hypothetical Country of Lahland Produces Only Movies

question 214

Multiple Choice

Table 10-5
A hypothetical country of Lahland produces only movies and popcorn. Quantities and prices of these goods for the last several years are shown below. The base year is 2009.Prices and Quantities
$$\begin{array} { c c c c c } \hline \text { Year } & \begin{array} { c } \text { Price af } \\\text { Mavies }\end{array} & \begin{array} { c } \text { Quantity af } \\\text { Mavies }\end{array} & \begin{array} { c } \text { Price af } \\\text { Popcarn }\end{array} & \begin{array} { c } \text { Quantity df } \\\text { Papentn }\end{array} \\\hline 2008 & \$ 10.00 & 400 & \$ 5 & 800 \\2009 & 11.00 & 500 & \$ 4 & 900 \\2010 & \$ 12.00 & 600 & \$ 5 & 1000 \\2011 & \$ 12.00 & 600 & \$ & 900\end{array}$$
-Refer to Table 10-5 What was this country's nominal GDP in 2009?

• A)$7,600
• B)$9,100
• C)$9,500
• D)$10,500

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Definitions:

Highly Differentiated

Describes products or services that are unique and stand out from those of competitors due to distinctive features or attributes.

Necessity

A requirement or urgent need for something essential or indispensable.

Slotting Allowances

Fees paid by a vendor or manufacturer to a retailer to secure shelf space for their products.

Retail Shelves

Retail Shelves are the physical spaces in stores where products are displayed for sale, playing a critical role in product visibility and accessibility to consumers.