Consider an economy that produces oranges and boomerangs. The prices and quantities of these goods in two
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Percentage change 2016-2017 2016 100 20 2017 105 Quantity of oranges Quantity of boomerangs Price of oranges (dollars) Price of boomerangs (dollars) Nominal GDP Real GDP in 2016 prices Real GDP in 2017 prices Real GDP in chained prices, 3.10 benchmarked to 2017
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