Consider the Data Shown in the Table A)5%
B)10%
C)15%
D)2

Multiple Choice

Consider the data shown in the table. Assume that the economy produces only textbooks. What is the growth rate of real GDP between the two years using last year as the base year?
$$\begin{array} { | l | c | c | } \hline & \begin{array} { c } \text { Textbooks } \\\text { Sold }\end{array} & \begin{array} { c } \text { Actual } \\\text { Price }\end{array} \\\hline \text { Last year } & 5,000 & \$ 50 \\\hline \text { This year } & 5,250 & \$ 55 \\\hline\end{array}$$

A) 5%
B) 10%
C) 15%
D) 2.5%