Table 15-6 The Table Below Contains Data for the Country of Batterland,which

question 389

Multiple Choice

Table 15-6
The table below contains data for the country of Batterland,which produces only waffles and pancakes.The base year is 2009.
Prices and Quantities

-Refer to Table 15-6.In 2009,this country's real GDP was

• A) $100.
• B) $390.
• C) $400.
• D) $540.

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Definitions:

Equity Multiplier

A financial ratio indicating how much of a company's assets are financed by shareholders' equity.

Dividend Payout Ratio

The fraction of net income a firm pays to its stockholders in dividends, expressed as a percentage of the company's total earnings.

Retention Ratio

The proportion of earnings kept back in a company to reinvest, rather than being paid out as dividends.

Sustainable Growth Rate

The maximum rate at which a company can grow its sales, earnings, and dividends without having to increase debt or equity financing.