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Suppose the following table records the total output and prices for an entire economy. Further, suppose the base year in the following table is 2004.

Suppose the following table records the total output and prices for an entire economy. Further, suppose the base year in the following table is 2004.

Price of Quantity of Price of Quantity of Year Soda Soda Jeans Jeans 2004 E1.00 200 (10.00 50 2005 1.00 220 11.00 50

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