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Use the following table to answer the following questions

Economics

Use the following table to answer the following questions.

 

 

Year Price of Burgers Quantity of Burgers Price of Magazines Quantity of Magazines

2013 $4 100 $2 180

2014 $5 120 $2.5 200

 

a.   Calculate GDP for 2013 and 2014 using 2013 as the base year.

b. What is the economy's inflation rate?

Option 1

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Option 2

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