Table 23-6 The Table Below Contains Data for the Country of Batterland

question 44

Multiple Choice

Table 23-6
The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013 .
Prices and Quantities
-Refer to Table 23-6. In 2013, this country's real GDP was

• A)$500.
• B)$700.
• C)$900.
• D)$1200.

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Definitions:

Private Business

Commercial organizations that are privately owned and operated, as opposed to being owned by the government.

Federal Government

The federal government is the national level of government that has powers over issues that affect the entire country, including defense, foreign affairs, and currency regulation.

Participation

The act of taking part or being involved in an activity, process, or decision-making.

Representation

The act of speaking or acting on behalf of someone or the depiction of an idea, concept, or individual in a particular way.