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Author Question: For the following question(s), suppose an economy produces only pens and pencils, and that the ... (Read 59 times)

HCHenry

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on: Jan 2, 2020
For the following question(s), suppose an economy produces only pens and pencils, and that the quantity and price data is given by this table:

​PensPencils
Year 1 quantity1510
Year 1 price$12$12
Year 2 quantity1712
Year 2 price$14$15

What is approximately the growth rate of real GDP using base year 1?
◦ 13%
◦ 20%
◦ 33%
◦ 25%
◦ 39%
Macroeconomics, Canadian Edition ¦ Williamson ¦ 4th Edition
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Marked as best answer by HCHenry on Jan 2, 2020

welcom1000

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Reply #1 on: Jan 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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HCHenry

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Reply 2 on: Jan 2, 2020
YES! Correct, THANKS for helping me on my review

kjohnson

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Reply 3 on: Yesterday
Excellent

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