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In 2010, the price of a coconut is $1.50 and the quantity produced is 400. In 2012, the price of a coconut is $2.00 and
In 2010, the price of a coconut is $1.50 and the quantity produced is 400. In 2012, the price of a coconut is $2.00 and the quantity produced is 350. 2010 is the reference base year.
Real GDP in 2012 in terms of base-year prices is
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