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

question 136

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. This country's inflation rate from 2010 to 2011 was

• A)15.2%.
• B)25.4%.
• C)34.1%.
• D)43.9%.

Analyze the impact of natural resources on economic development over time.

Familiarize with concepts related to economic catch-up, including the catch-up effect and its limitations.

Understand the relationship between natural resources and standard of living.

Distinguish between renewable and nonrenewable resources.

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Definitions:

Pectoralis Major

A large muscle in the upper chest that helps in the movement of the shoulder and arm.

Diaphragm

A large, dome-shaped muscle located at the base of the lungs and thoracic cavity, essential for the process of breathing.

External Intercostals

Muscles found between the ribs that aid in the mechanics of breathing by elevating the ribcage.

Olecranon Process

The prominent, pointed bone at the proximal end of the ulna, around which the elbow joint is formed.