Consider Table 2.3. Using the Laspeyres index, the percent change in real GDP from 2021 to 2022 will be ______________ percent (round to first digit).

a 6.5

b 5.3

c 0.2

d 1.2

Consider Table 2.3. Using the Paasche index, the percent change in real GDP from 2021 to 2022 will be ______________ percent.

a 6.2

b 5.6

c 7

d 1.7

Consider Table 2.3. Using the Paasche and Laspeyres indices, the chain-weighted real GDP growth from 2021 to 2022 will be ______________ percent (round to first digit).

a 6.3

b 5.4

c .4

d 1.4

In this economy, only two goods are produced: video games and pistachios. Table 2.3: National Income Accounting 2021 I 2022 Quantity of pistachios 1,000 I 1,100 Quantity of video games 500 I 500 Price of pistachios $1.00 I $1.50 Price of video games $15.00 I$14.75