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2 years ago

5

A south sea island produces only coconuts. In 2010, the price of a coconut is $1.50 and the quantity produced is 300. In 2012, t

he price of a coconut is $0.50 and the quantity produced is 350. 2010 is the base year. Real GDP in 2012 is ______.

1 answer:

Semenov [28]2 years ago

8 0

1.50*300=$450
0.5*350=$175
(175/450)*100=39%
Real GDP in 2012 is 39%

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Step 1

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