Suppose that, in year 1, an economy produces 200 golf balls that sell for $3 each and 75 pizzas that sell for $8 each. The next year, the economy produces 210 golf balls that sell for $3.50 each and 80 pizzas that sell for $9 each. Using year 1 as the base year, the growth rate of real GDP from year 1 to year 2 is ____.
A) 3.65%
B) 3.65%.
C) 4.44%
D) 4.44%.
E) 5.83%
F) 5.83%.
G) 7.81%
H) 7.81%.
Correct Answer:
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