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The fictional small country of Qbert has had a robust GDP the last few years. Qbert produces just two products: water bottles and bikes.
The fictional small country of Qbert has had a robust GDP the last few years. Qbert produces just two products: water bottles and bikes. The following chart shows product quantities and prices from 2016 to 2018. With 2016 as the base year using 2016, 2017, and 2018. What is the real yearly growth of 2017 & 2018? Water Bottles Quantity Year 2016 (base year) 1 million Sikes Price/unit Quantity Year 2017 Year 2018 2.5 million 3 million $3 $4 $5 2 million 2.5 million 2.75 million Price/unit $10 $12 $17
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