An island economy produces only bananas and coconuts. The table gives the quantities produced and prices in 2012 and 2013. 2012 Bananas Coconuts 2013 Bananas Coconuts Quantity 100 185 Quantity 180 225 Price 10 18 Price 15 20 What is the growth rate of real GDP if 2013 is the base year?

An island economy produces only bananas and coconuts. The table gives the quantities produced and prices in 2012 and 2013. 2012 Bananas Coconuts 2013 Bananas Coconuts Quantity 100 185 Quantity 180 225 Price 10 18 Price 15 20 What is the growth rate of real GDP if 2013 is the base year?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 8SQP

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Question

100%

An island economy produces only bananas and coconuts. The table gives the
quantities produced and prices in 2012 and 2013.
2012
Bananas
Coconuts
2013
Bananas
Coconuts
Quantity
100
185
Quantity
180
225
Price
10
18
Price
15
20
What is the growth rate of real GDP if 2013 is the base year?

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