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You are provided with the following data assume the two items produced by an economy are movies and popcorn. Quantities and prices of these goods
You are provided with the following data assume the two items produced by an economy are movies and popcorn. Quantities and prices of these goods for the last several years are shown below. The base year is 2017. Prices and Quantities ear Price of Movies ' Price of Popcorn Quantity of I201? $11.00 00 $5 l201a $12.00 lsoo $4 019 $12.00 600 $5 020 13.00 600 $6 What is the approximate economic growth rate for the year 2020? 4.3% 19% 16% 4.3% What is the approximate economic growth rate for the year 2019? 4.3% 19% 16% 4. 3% What is the approximate economic growth rate for the year 2018? 4.3% 19% 16% 4.3%
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