Calculate the value of 2018 production in 2019 prices and the percentage increase in production when valued

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Calculate the value of 2018 production in 2019 prices and the percentage increase in production when valued at 2019 prices.

The table shows some data for an economy which produces only haircurts and iTunes. The base year is 2018 Calculate the value of 2018 production in 2019 prices and the percentage increase in production when valued at 2019 prices. In 2018 Item Haircuts iTunes Quantity 98 59 Price S5 each $9 each The value of 2018 production in 2019 prices is $ The percentage increase in production when valued at 2019 prices is percent >>> Answer to 1 decimal place.

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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