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QUESTION 3 1 points Save Answer There are only two goods on Rainbow Island: Coconut and Fish. The following table gives the prices and quantities
QUESTION 3 1 points Save Answer There are only two goods on Rainbow Island: Coconut and Fish. The following table gives the prices and quantities of coconut and sh produced on Rainbow Island in 2010 and 2020. 2010 2020 Price Quantity Price Quantit Y Coconut $3 650 $4 800 Fish $5 120 $8 140 Which of the following two statements is/are correct? |. Rainbow Island's nominal GDP in 2020 is $4320. ||. Using 2010 as the base year, Rainbow Island's real GDP in 2020 is $3100. Only I. Only ll. Neitherl nor ||. Both | and
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