Using the data from the table below, answer the following questions using 2012 prices. Part 2

Quantities Produced

Prices

	CDs	Tennis Rackets	Price per CD	Price per Tennis Racket
2011	110	200	$21	$100
2012	125	225	$26	$130

Part 3: Real GDP in 2011 using 2012 prices is $ (enter your response here.) (Enter your response as an integer.)

Part 4: Real GDP in 2012 using 2012 prices is $ (enter your response here.) (Enter your response as an integer.)

Part 5: Real GDP grew by (enter your response here) percent (Enter your response rounded to two decimal places.)

Part 6: The price index for GDP for 2012 using 2012 as the base year is (enter your response here.)

(Enter your response rounded to two decimal places.)

Part 7: Prices increased by (enter your response here) percent. (Enter your response rounded to two decimal places.)