Ayberk F.

asked • 02/17/21

Use the information in the table to calculate real GDP for 2012, assuming that the base year is 2005. (Assume that all the tomato is used in the production of tomato soup.)

2005 2012 2013

Q P Q P Q P

Textbooks 100 45 100 60 100 65

Hamburgers 75 2 90 2 100 2.25

Tomato soup 60 10 65 10 75 10

Tomato 100 0.80 700 0.60 120 0.70


b- What is the growth rate of real GDP during 2013?

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