What formula or formulas would I use to calculate the question below?

Suppose the information in the following table is for a simple economy that produces only the following four goods: shoes, hamburgers, shirts, and cotton. Further, assume that all of the cotton is used to produce shirts.

**2009 Statistics**

**2014 Statistics**

**2015 Statistics**

**Product**

**Quantity**

**Price**

**Quantity**

**Price**

**Quantity**

**Price**

Shoes

110

110

$55.00

55.00

120

120

$70.00

70.00

120

120

$75.00

75.00

Hamburgers

85

85

3.00

3.00

120

120

3.00

3.00

135

135

3.50

3.50

Shirts

70

70

40.00

40.00

60

60

35.00

35.00

85

85

35.00

35.00

Cotton

10 comma 000

10,000

0.80

0.80

8 comma 000

8,000

0.60

0.60

12 comma 000

12,000

0.70

0.70

**a.** If the base year is the year 2009, then real GDP

LOADING...

for 2014 equals $

nothing

*(round your answer to the nearest penny) *and the real GDP for 2015 equals $

nothing

*(round your answer to the nearest penny).*

**b.** The (annual) growth rate of real GDP in 2015 is

nothing

%. *(Enter your response as a percentage rounded to two decimal places.)*

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