In 2015 Item Price Melons Kiwi fruits Quantity 97 boxes 52 boxes $9 a box $9 a box In 2016 Item Melons Kiwi fruits Quant
Posted: Sat Feb 19, 2022 2:42 pm
- In 2015 Item Price Melons Kiwi Fruits Quantity 97 Boxes 52 Boxes 9 A Box 9 A Box In 2016 Item Melons Kiwi Fruits Quant 1 (12.86 KiB) Viewed 47 times
The table shows the quantities produced and prices in 2015 and 2016 for an island economy which produces only melons and kiwi fruits. The base year is 2016. Calculate real GDP in 2015 and 2016 using the chained-dollar method. In terms of what dollars is each of these two real GDPs measured?