In year 1 and year 2 , there are two products produced in a given...
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Accounting
In year 1 and year 2 , there are two products produced in a given economy: computers and bread. Suppose that there are no intermediate goods. In year 1, 25 computers are produced and sold at $1200 each, and in year 2,35 computers are produced and sold at $1800 each. In year 1,20,000 loaves of bread are sold for $1.5 each, and in year 2,18,000 loaves of bread are sold for $2 each. Using the chain-weighting method, real GDP in year 2 (in year 1 dollars) is $, and the percentage increase in real GDP from year 1 to year 2 is %. (Round responses for real GDP to the nearest integer as needed, and round your response for the percentage increase to two decimal places as needed.)
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