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Calculation of RGDP with Hypothetical Data The table below shows a hypothetical economy's total production and corresponding prices (you can think of them as average
Calculation of RGDP with Hypothetical Data The table below shows a hypothetical economy's total production and corresponding prices (you can think of them as average prices) of all the final goods and services it produced in 2022 and 2023. The base year is 2022. Year 2022 Item Quantity Price Goods 120 $50 Services 100 $65 Year 2023 Item Quantity Price Goods 130 $55 Services 110 $70 Calculate RGDP in 2022 and 2023. What was the growth rate of RGDP in 2023? RGDP in 2022 was ________. Real GDP in 2023 was ________. The growth rate of RGDP from 2022 to 2023 was ________ %. Round up your answer to the second decimal. Group of answer choices 14,250; 15;600; 8.42 13,650; 12,500; 9.20 12,500; 13,650; 9.20 12,500; 13,650; 8.42
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