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Table 1 GDP country X 2017 Cars Restaurant meals Price $20000 $18 Quantity 9 10000 Table 2 GDP Country X 2018 Cars Restaurant Meals Price $20000 $40 Quantity

Table 1: GDP country X:2017 Cars Restaurant meals Price $20,000 $18 Quantity 9 10,000 Table 2:GDP Country X:2018 Cars Restaurant Meals Price $20,000 $40 Quantity 9 6,000 1. You are interested in calculating real GDP growth in Country X. (Use Table 1 and 2 to answer the following.) a. Calculate the Laspeyres Quantity Index (from 2017 to 2018) b. Calculate the Paasche Quantity Index (from 2017 to 2018) c. Calculate the Fisher Quantity Index (from 2017 to 2018)

Jun 06 2020 View more View Less

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