3. Suppose the information in the table on the next page is for simple economy that produces only four goods and services: text-books, hamburgers, shirts, and cotton. Assume that all the cotton is used in the production of shirts

	2005	2012	2013
Product	Quantity	Price	Quantity	Price	Quantity	Price
Textbooks	90	50	100	56	100	65
Hamburgers	75	2	100	2	120	2.25
Shirts	50	30	50	25	65	25
Cotton	100	0.80	800	0.60	120	0.70

1. Use the information in the table to calculate real GDP for 2012 and 2013, assuming that the base year is 2005.
2. What is the growth rate of real GDP between 2012 and 2013?

(is cotton intermediate and not used in this calculation because it is included in the shirts?)