Table 5-4
Use the Following Table to Answer the Following

question 55

Multiple Choice

Table 5-4
Use the following table to answer the following questions.
$$\begin{array} { | l | c | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Price of } \\\text { Burgers }\end{array} & \begin{array} { c } \text { Quantity of } \\\text { Burgers }\end{array} & \begin{array} { c } \text { Price of } \\\text { Maganines }\end{array} & \begin{array} { c } \text { Quantity of } \\\text { Maganines }\end{array} \\\hline 2010 & \$ 4.00 & 100 & \$ 2.00 & 180 \\\hline 2011 & \$ 5.00 & 120 & \$ 2.50 & 200 \\\hline 2012 & \$ 6.00 & 150 & \$ 3.50 & 200 \\\hline\end{array}$$
-Refer to the Table 5-4.Using 2010 as the base year,what can we conclude for 2011?

• A)Real GDP is $880, and the GDP deflator is 80.
• B)Real GDP is $880, and the GDP deflator is 95
• C)Real GDP is $880, and the GDP deflator is 125
• D)Real GDP is $950, and the GDP deflator is 95.

---

Definitions:

Partnerships

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Common Stock

Equity securities representing ownership interests in a corporation, providing voting rights and a share in the company's profits.

Market Value

The current price at which an asset or service can be bought or sold in a public market.

Initial Owners

The original investors or founders who hold ownership stakes in a company at its inception.