Use the table, which shows an economys total production and the prices of the final goods it
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Use the table, which shows an economy’s total production and the prices of the final goods it produced in 2020 and 2021, to work Problems.
The base year is 2020. Calculate real GDP in 2020 and 2021.
Transcribed Image Text:
Item Fish Berries GDP data for 2020 Quantity 100 50 Fish Berries GDP data for 2021 Quantity 75 65 Item Price $2 $6 Price $5 $10
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