The Table Above Gives the Production and Prices for a 2010\\
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question 101

Multiple Choice

$\begin{array}{lllll}&\text { Data for } 2009&&\text { Data for } 2010\\\hline\text { Item}&\text{ Quantity}&\text{ Price}&\text{ Quantity }&\text{ Price }\\\hline\text { Bread } & 50 & \$ 4.00 & 70 & \$ 3.00 \\\text { Soda } & 50 & \$ 5.00 & 50 & \$ 6.00 \\\hline\end{array}$
The table above gives the production and prices for a small nation that produces only bread and soda.
-The base year is 2010. What is real GDP in 2010?

• A)$1080
• B)$530
• C)$210
• D)$510
• E)$300

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Definitions:

Operating Expenses

Costs associated with a company's main operational activities, excluding the cost of goods sold, such as rent, salaries, and utilities.

Variable Costs

Costs that vary in direct proportion to changes in the level of production or activity within a business.

Incremental Analysis

A decision-making technique used to determine the financial impact of different choices by comparing their costs and benefits.

Variable Cost

Expenses that fluctuate with production volume, such as direct materials and direct labor costs.