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The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Prices and Quantities Year Price of Waffles Quantity of Waffles Price of Quantity of Pancakes Pancakes 2010 $2.00 80 $1.00 100 2011 $2.00 100 $2.00 120 2012 $2.00 120 $3.00 150 55 2013 $4.00 150 $3.00 200 Refer to Table 23-6. In 2011, this country's nominal GDP was $260. $440. $620. $760.

The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Prices and Quantities Year Price of Waffles Quantity of Waffles Price of Quantity of Pancakes Pancakes 2010 $2.00 80 $1.00 100 2011 $2.00 100 $2.00 120 2012 $2.00 120 $3.00 150 55 2013 $4.00 150 $3.00 200 Refer to Table 23-6. In 2011, this country's nominal GDP was $260. $440. $620. $760.

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
Section: Chapter Questions
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The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Prices and Quantities Year Price of Waffles Quantity of Waffles Price of Quantity of Pancakes Pancakes 2010 $2.00 80 $1.00 100 2011 $2.00 100 $2.00 120 2012 $2.00 120 $3.00 150 55 2013 $4.00 150 $3.00 200 Refer to Table 23-6. In 2011, this country's nominal GDP was $260. $440. $620. $760.
Transcribed Image Text:The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2013. Prices and Quantities Year Price of Waffles Quantity of Waffles Price of Quantity of Pancakes Pancakes 2010 $2.00 80 $1.00 100 2011 $2.00 100 $2.00 120 2012 $2.00 120 $3.00 150 55 2013 $4.00 150 $3.00 200 Refer to Table 23-6. In 2011, this country's nominal GDP was $260. $440. $620. $760.
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