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Using the table below, calculate real GDP for all 3 years using year 2 as the base year. Quantities Apples Tennis Racquets Year 1 20
Using the table below, calculate real GDP for all 3 years using year 2 as the base year. Quantities Apples Tennis Racquets Year 1 20 5 Year 2 15 8 Year 3 15 8 Prices Apples Tennis Racquets Year 1 $ 0.50 $ 10.00 Year 2 $ 1.00 $ 6.00 Year 3 $2.00 $ 7.00 year 2 as the base year. Quantities Apples Tennis Racquets Year 1 20 5 Year 2 15 8 Year 3 15 8 Prices Apples Tennis Racquets Year 1 $ 0.50 $ 10.00 Year 2 $ 1.00 $ 6.00 Year 3 $2.00 $ 7.00
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