The table below contains data for the country of Batterland, which produces only
ID: 1174195 • Letter: T
Question
The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2009.
Prices and Quantities
Year
Price of
Waffles
Quantity of Waffles
Price of Pancakes
Quantity of
Pancakes
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
Refer to Table 1. In 2009, this country's real GDP was
$100.
$390.
$400.
$540.
Year
Price of
Waffles
Quantity of Waffles
Price of Pancakes
Quantity of
Pancakes
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
Explanation / Answer
Answer is $ 540 Explanation: While computing the rael GDP, the base year prices shall be taken i.e. price of Year2009. Price of 2009 Quantity of 2009 Product Waffles 2 120 240 Pancakes 2 150 300 Real GDP of 2009 540
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