Question
Fill in the blank in the following table: The Island of Hoho produces two goods, baskets and necklaces.The market prices (per unit of good) and
Fill in the blank in the following table:
The Island of Hoho produces two goods, baskets and necklaces.The market prices (per unit of good) and quantities produced are as follows:
2015- Quantity of baskets:5, Price of baskets: $100, Quantity of necklaces: 60, Price of necklaces:$5
2020- Quantity of baskets:6, Price of baskets: $110, Quantity of necklaces: 70, Price of necklaces:$8
Suppose 2025 is the base year.The percent change in real GDP from 2020 to 2025 was ________ %.Answer in percent, but do not include the % sign in your answer.Round to the nearest 0.1.
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