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7. Given the following macroeconomic data for the years 2014, 2015, and 2016; and using 2015 as a base-year: 2014 2015 2016 P Q P

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7. Given the following macroeconomic data for the years 2014, 2015, and 2016; and using 2015 as a base-year: 2014 2015 2016 P Q P Q P Q COFFEE $0.75 50 $0.95 75 $1. 15 80 SHOES $15 60 $17 65 $20 70 Compute the rate of Real GDP growth rate between 2015 and 2016. All steps must be shown logically and there will be no partial credits for this mathematical

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