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

question 12

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 2011 as the base year,what can we conclude for 2010?

• A)Real GDP is $760, and the GDP deflator is 100.
• B)Real GDP is $760, and the GDP deflator is 125.
• C)Real GDP is $880, and the GDP deflator is 80.
• D)Real GDP is $950, and the GDP deflator is 80.

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Definitions:

Separate the People

A conflict resolution strategy focusing on separating personal emotions and perceptions from the objective problem-solving process.

Compromise Bargaining

A negotiation strategy where two parties in conflict concede on certain points to reach an agreement that is acceptable to both.

Distributive Bargaining

A strategy that involves two parties trying to claim a “fixed pie” of resources.

Competitive Bargaining

Competitive bargaining is a negotiation strategy where parties vie for the most advantageous position, often viewing the situation as a zero-sum game where one's gain is another's loss.