Table 10-6
the Table Below Contains Data for the Country

question 245

Multiple Choice

Table 10-6
The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2009.Prices and Quantities
$$\begin{array} { c c c c c } \text { Year } & \text { Price of } & \text { Quantity af } & \text { Price af } & \text { Quantity af } \\& \text { Waffles } & \text { Waffles } & \text { Pancalkes } & \text { Pancalkes } \\\hline 2008 & \$ 2.00 & 100 & \$ 1.00 & 100 \\2009 & \$ 2.00 & 120 & \$ 2.00 & 150 \\2010 & \$ 2.00 & 150 & \$ 3.00 & 200 \\2011 & \$ 4.00 & 180 & \$ 3.00 & 220\end{array}$$
-Refer to Table 10-6. In 2010, this country's real GDP was

• A)$540.
• B)$700.
• C)$810.
• D)$1050.

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Definitions:

Optimal Price

The price point that maximizes a company's profits or achieves other specified business objectives, taking into account costs, demand, and competitive pricing.

Customer Complaints

Customer expressions of discontent regarding a product or service.

Mason Jars

Glass jars with a sealable metal lid, traditionally used for preserving food, but also popular in crafts and as trendy containers or drinkware.

Bootlegger

An individual who illegally manufactures, sells, or transports alcoholic beverages.