The following table shows the production volumes and unit prices for two consec...
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The following table shows the production volumes and unit prices for two consecutive years in an economy, where only three products are produced.
Product | Quantity (q0) | Price (p0) | Quantity (q1) | Price (p1) |
A | 1200 | 90 | 1100 | 110 |
B | 600 | 2800 | 680 | 3100 |
C | 30 | 14000 | 42 | 14800 |
How much was the percentage increase in nominal output?
%
How much was the growth in real terms?
%
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