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QUESTION
A south sea island only coconuts. In 2011, the price of a coconut is $2.00 and the quantity produced is 350. In 2013, the price of a coconut is $1.50...
A south sea island only coconuts. In 2011, the price of a coconut is $2.00 and the quantity produced is 350. In 2013, the price of a coconut is $1.50 and the quantity produced is 300. 2011 is the reference base year. Real GDP in 2013 in terms of base-year
