Calculate REAL GDP for each year (2005=100).
Yr. Price of/Qty. Price of/Qty.
socks produced hats produced
2005 $1 100 $2 50
2006 $2 150 $3 100
2007 $3 200 $4 150
Yr. Price of/Qty. Price of/Qty.
socks produced hats produced
2005 $1 100 $2 50
2006 $2 150 $3 100
2007 $3 200 $4 150