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Suppose that in Year 1 the total output in a single-good economy was 6,000 buckets of chicken. Also suppose that in Year 1 each

Suppose that in Year 1 the total output in a single-good economy was 6,000 buckets of chicken. Also suppose that in Year 1 each bucket of chicken was priced at $20. Finally, assume that in Year 2 the price per bucket of chicken was $26 and that 25,000 buckets were produced. Using Year 2 as the base year, the GDP price index for Year 1 is (Enter your response rounded to one decimal place.)

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