In 2015, Adanac Produced 20 Kilos of Apples and 30

Multiple Choice

In 2015, Adanac produced 20 kilos of apples and 30 kilos of bananas. Both fruits were used only for final consumption and nothing else was produced. In 2015, a kilo of apples sold for $5 while a kilo of bananas sold for $10. In 2016, Adanac produced only 10 kilos of apples but produced 40 kilos of bananas. Prices in 2016 were $6 per kilo of apples and $11 per kilo of bananas. The economic growth rate in real GDP between 2015 and 2016 was ________ percent.

A) 50
B) 11
C) 25
D) 5.0
E) 12.5