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Unformatted text preview: real GDP 2000 (2000$) = 15 x $1.00 + 13 x $3.25 = $57.25 real GDP 2005 (2000$) = 20 x $1.00 + 17 x $3.25 = $75.25 3) Calculate real GDP per capita using 2000 as a base year real GDP 2000 (2000$) per capita = $57.25/13 = $4.40 real GDP 2005 (2000$) per capita = $75.25/7 = $10.75 4) Calculate real GDP for 2000 and 2005 using 2005 as a base year real GDP 2000 (2005$) = 15 x $1.25 + 13 x $2.75 = $54.50 real GDP 2005 (2005$) = 20 x $1.25 + 17 x $2.75 = $71.75 5) Calculate real GDP per capita using 2005 as a base year real GDP 2000 (2005$) per capita = $54.50/13 = $4.19 real GDP 2005 (2005$) per capita = $71.75/7 = $10.25...
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 Spring '08
 pgking

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