Year Units of Output Price Per Unit 1 8 $2 2 10 3 3 15 4 4 18 5 5 20 6 The accompanying table gives price and output data over a five-year period for an economy that produces only one good. If year 2 is the base year, then the percentage increase in real GDP from year 2 to year 4 is Grou

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Q: Good Year 1 Year 2 Price Quantity Price Quantity Steak $15 1,000 $20.00 800 Potato $1 50,000 $0.50…

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