Suppose a simple island economy produces only three goods: oranges, fish, and bicycles.Additionally, the economy consumes and imports magazines from a foreign country. The production numbers for the domestic goods and foreign magazines are below:

	2018	2019
	Quantity	Price	Quantity	Price
Oranges	180	$0.90	220	$1.50
Fish	40	$3.50	50	$4.00
Bicycles	20	$85	30	$90
Magazines	175	$3.50	150	$3.50

1. Calculate the chain-weighted growth rate of output.[Remember if the value is 10.0567% you would round to 10.06. Do not forget to answer the units box portion of the question to put the %. ROUND ALL ANSWERS TWO DECIMAL PLACES]

2. Using 2018 as the base year, calculate the chain-weighted real GDP in 2018. [Remember if the value is $3,000 put 3000 in the answer box and $ in the units box. ROUND ALL ANSWERS TWO DECIMAL PLACES]

3. Using 2018 as the base year, calculate the chain-weighted real GDP in 2019. [Remember if the value is $3,000 put 3000 in the answer box and $ in the units box. ROUND ALL ANSWERS TWO DECIMAL PLACES]

4. Using 2019 as the base year, calculate the chain-weighted real GDP in 2018. [Remember if the value is $3,000 put 3000 in the answer box and $ in the units box. ROUND ALL ANSWERS TWO DECIMAL PLACES]

5. Using 2019 as the base year, calculate the chain-weighted real GDP in 2019. [Remember if the value is $3,000 put 3000 in the answer box and $ in the units box. ROUND ALL ANSWERS TWO DECIMAL PLACES]