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(Year 2000, Year 2001)

QUANTITY
...Popcorn: (200,250)
....Novels: (50,30)
.....Shoes: (8,10)

PRICE
...Popcorn: (\$1,\$2)
....Novels: (\$20,\$25)
.....Shoes: (\$100,\$80)

If 2000 is the base year, what is the real GDP in 2001?

See my post to "Urgent economics - GDP"

USE THE EXPENDITURE EQUATION FOR GDP TO FIND VALUES FOR EACH SECTOR FOR YEARS 1929 AND 1933

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