Calculate real gdp for 2007

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The Republic of Republic produces two goods/services, fish (F) and chips (C). In 2006, the 200 units of F produced sold for $3 per unit and the 500 units of C produced sold for $1 per unit. In 2007, the 300 units of F produced sold for $4 per unit, and the 600 units of C produced sold for $2 per unit. Calculate Real GDP for 2007, assuming that 2006 is the base year.

Reference no: EM13186375

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