Table 21-1 -Refer to Table 21-1.Using the Table Above,what Is the Approximate

question 20

Multiple Choice

Table 21-1

-Refer to Table 21-1.Using the table above,what is the approximate growth rate of real GDP from 2010 to 2011?

• A) 1%
• B) 2%
• C) 3%
• D) 4%

---

Definitions:

Exclusive Contract

An agreement that restricts a party from buying, selling, or engaging in business with any other parties aside from the one specified in the contract.

Minimum Retail Price

The lowest price at which a retailer is allowed to sell a product, often set by manufacturers or by law, to maintain fair competition or preserve product value.

Arbitraging

The practice of buying and selling assets to profit from a price difference in two or more markets.

Price Discriminate

A pricing strategy where a seller charges different prices for the same product or service to different consumers, based on factors like location, age, or purchasing history, and not differences in costs.