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Consider the following data for a country called Weightonia: Year 1 Real GDP (year 1 prices) $400 Real GDP (year 2 prices) $460 Year 2

Consider the following data for a country called "Weightonia":

Year 1

Real GDP (year 1 prices) $400 Real GDP (year 2 prices) $460

Year 2

$530 $600

Compute Real GDP in year 2 in "Weightonia" by applying the Chain-Weighting approach. Use year 1 as the reference year.

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