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Suppose there is a very small country called Micro-opolis. It makes only two goods: cell phones and pears. Their prices and quantities are the following:
Suppose there is a very small country called Micro-opolis. It makes only two goods: cell phones and pears. Their prices and quantities are the following:
Price of pearsQuantity of pearsPrice of cell phonesQuantity of cell phones
2017$2100$200100
2018$2.50110$225110
2019$3145$250145
If 2017 is the base year, what is the growth in real GDP from 2018 to 2019?
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