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An economy produces only fun and food. The table shows the quantities of fun and food produced and the prices of fun and food in
An economy produces only fun and food.
The table shows the quantities of fun and food produced and the prices of fun and food in 2016 and 2017.
The base year is 2016.
Calculate the percentage increase in real GDP in 2017.
The percentage increase in real GDP in 2017 is "enter your response here" percent.
Please show me the step how to calculate this.
In 2016 Item Quantity Fun Food In 2017 Item Quantity Fun Food 42 61 43 64 Price (dollars) 1 5 Price (dollars) 2 8Step by Step Solution
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