Suppose that, in year 1, an economy produces 200 golf balls that sell for $3 each and 75 pizzas that sell for $8 each. The next year, the economy produces 210 golf balls that sell for $3.50 each and 80 pizzas that sell for $9 each. Using year 1 as the base year, the growth rate of real GDP from year 1 to year 2 is ____%

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A: Real GDP Formula: Real GDP = Price of goods in base year * Quantity of current year

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A: GDP calculates the total value of all final goods and services produced in an economy.

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A: GDP Deflator=Nominal GDPReal GDP×100

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