Calculate the value of 2016 production in 2015 prices and the percentage increase in production when valued

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Calculate the value of 2016 production in 2015 prices and the percentage increase in production when valued at 2015 prices.

TABLE 1 (a) In 2015: Item Bananas Coconuts (b) In 2016: Item Bananas Coconuts Quantity 100 50 Price $10 $12

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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