In the text, we calculated the change in real GDP in the hypothetical economy of Table 23 , are used to calculate real GDP do affect the calculated growth rate, but typically not by using the prices of 2005. Calculate the change in real GDP between 2005 and 2010 using the same data but the prices of 2010 . Your answer should demonstrate that the prices that very much. TABLE 2-3 Real and Nominal GDP, an Illustration * Skittles 1 at $0.50 0.50 3 at $0.75 2.25 3 at $0.50 1.50 $1.50 $6.25 $3.50 Beer 1 at $1.00 $1.00 2 at $2.00 $4.00 2 at $1.00$2.00 2005 NOMINAL GDP 2012 NOMINAL GDP 2012 REAL GDP * Measured in 2005 prices.

In the text, we calculated the change in real GDP in the hypothetical economy of Table 23 ,
are used to calculate real GDP do affect the calculated growth rate, but typically not by
using the prices of 2005. Calculate the change in real GDP between 2005 and 2010 using
the same data but the prices of 2010 . Your answer should demonstrate that the prices that
very much.

TABLE 2-3 Real and Nominal GDP, an Illustration
*
Skittles 1 at $0.50 0.50 3 at $0.75 2.25 3 at $0.50 1.50
$1.50 $6.25 $3.50
Beer 1 at $1.00 $1.00 2 at $2.00 $4.00 2 at $1.00$2.00
2005 NOMINAL GDP 2012 NOMINAL GDP 2012 REAL GDP *
Measured in 2005 prices.