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For the Following Questions, Suppose an Economy Produces Only Food

Question 82

Multiple Choice

For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below.
For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below. -Suppose that Year 2 is the base year. What is the growth rate of GDP? A) 44.4% B) 58% C) 67.5% D) 120%
For the following questions, suppose an economy produces only food and clothing, and that price and quantity data are given in the table below. -Suppose that Year 2 is the base year. What is the growth rate of GDP? A) 44.4% B) 58% C) 67.5% D) 120%
-Suppose that Year 2 is the base year. What is the growth rate of GDP?


A) 44.4%
B) 58%
C) 67.5%
D) 120%

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