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can i know how the last one( real gdp 2003) was 2950.87? Can i get the equations for that? Year 2000 2001 2002 2003 Base

can i know how the last one( real gdp 2003) was 2950.87? Can i get the equations for that? image text in transcribed
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Year 2000 2001 2002 2003 Base Year - 2000 P (bikinis) Q (bikinis) P (Speedos) Q (Speedos) $75 21 $50 10 $82 23 $52 12 $88 28 15 $91 30 $60 14 $55 Using the data in the table, calculate Real GDP for 2003 using the chain-weighted method If your answer is not a whole number, round at 2 decimal places Calculate Real GDP for 2003 Step 1: Nominal GDP 2002: $ 3289 GDP 2003 valued at 2002 prices: $ 3410 growth rate: 3.68 % Step 2: GDP 2002 valued at 2003 prices: $ 3448 Nominal GDP 2003 $ 3570 3.54% growth rate: Step 3: uestion is complete. Tap on the red indicators to see incorrect answers. Using uie udid uit duit, diluide Red Our TUI ZUUJ Unyu Lidl welyn eu meunou. If your answer is not a whole number, round at 2 decimal places Calculate Real GDP for 2003 Step 1: Nominal GDP 2002: $ 3289 GDP 2003 valued at 2002 prices: $ 3410 growth rate 3.68% Step 2: GDP 2002 valued at 2003 prices $ 3448 Nominal GDP 2003 $ 3570 3.54% growth rate: Step 3: Average growth rate: Step 4: Real GDP 2003 3.61% $ 2950.87

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