Refer to Table 19-18. What is real GDP in 2016, using 2011 as the base year?

The table above gives data for the nation of Pearl, a small island in the South Pacific. If a supply shock decreases the quantity of real GDP supplied by $6 billion at each price level, the new equilibrium real GDP is

A) $16 billion. B) $19 billion. C) $22 billion. D) $23 billion. E) $17 billion.

In a franchising relationship

a. the franchisor is the local businessman or businesswoman b. the corporate brand owner contracting with local operator is the franchisor c. the local operators are the franchisors d. the corporate brand owner contracting with local operators is the franchisee