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The country of Old York produces milk and butter, and it has published the following macroeconomic data, where quantities are in gallons and prices are
The country of Old York produces milk and butter, and it has published the following macroeconomic data, where quantities are in gallons and prices are dollars per gallon.
2003
2004
Good
Quantity
Price
Quantity
Price
Milk
500
$2
900
$3
Butter
2000
$1
3000
$2
Between 2003 and 2004, the percent change in real GDP (based on 2003 as a base year) was
Question 14 options:
190%
60%
130%
58%
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