17) Refer to Table 2. According to the chained - dollar real GDP method, what is the percentage increase in production between 2014 and 2015? A) 38 % B) 36% C) 40% D) 44% E ) 104% Item Bacon Eggs 2014 Price $4 $2 Table 2 2015 Price $4.80 $3.60 2014 Quantity 20 40 2015 Quantity 32 48

17) Refer to Table 2. According to the chained - dollar real GDP method, what is the percentage increase in production between 2014 and 2015? A) 38 % B) 36% C) 40% D) 44% E ) 104% Item Bacon Eggs 2014 Price $4 $2 Table 2 2015 Price $4.80 $3.60 2014 Quantity 20 40 2015 Quantity 32 48

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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17) Refer to Table 2. According to the chained - dollar real
GDP method, what is the percentage increase in production
between 2014 and 2015? A) 38% B) 36% C) 40% D) 44% E
) 104%
Item
Bacon
Eggs
2014 Price
$4
$2
3
Table 2
c
2015 Price
$4.80
$3.60
2014
Quantity
20
40
2015
Quantity
32
48

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