Find the growth rate of constant-dollar real gdp using year

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Reference no: EM13389823

Year 1 Year 2

Quantity Price Quantity Price

Oranges 100 $5 150 $5

Pears 100 $3 75 $4

a. What is the growth rate of constant-dollar real GDP using year 1 as the base year?

b. What is the growth rate of constant-dollar real GDP using year 2 as the base year?

Reference no: EM13389823

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