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

Question:

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

In 2018


Item

Quantity

Price

Apples

93

boxes

$7

a

box


Pears

50

boxes

$12

a

box


In 2019


Item

Quantity

Price

Apples

109

boxes

$14

a

box


Pears

67

boxes

$7

a

box

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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