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Business, 18.03.2020 19:27 unicornsflyhigh
Consider a simple economy producing 2 goods: coffee and TVs. In 2014 the economy produced 2000 pounds of coffee and 10 TVs. In 2015 the economy produced 1000 pounds of coffee and 12 TVs. The price of one TV was $1,000 in both years while the price of coffee decreased from $6/pound in 2014 to $5/pound in 2015. Based on this information the percentage change in real GDP in chained prices benchmarked to 2015 is:
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Consider a simple economy producing 2 goods: coffee and TVs. In 2014 the economy produced 2000 pound...
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