For the following question(s), suppose an economy produces only pens and pencils, and that the quantity and price data is given by this table: Year 1 quantity Year 1 price Year 2 quantity Year 2 price Pens 15 $12 17 $14 Pencils 10 $12 12 $15 Using the chain-weighting approach, calculate the real GDP in year 2 using GDP in year 1 as the reference.

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