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Question: computers oranges price quantity price quantity ear 1 12 10...

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Computers Oranges Price Quantity Price Quantity ear 1 12 10 120 ear 2 10 15 1.25 120 Use the numbers in the table above to compute nominal GDP for years 1 and 2 in a spreadsheet application of your choice (Excel, Numbers,...) Pt-19t Next, recall that the formula for a Laspeyres index is C 2Pt-19t-1 and the formula for a Paasche index is P Pl Ptat-1 Assume that real GDP in year 1 (Y1) equals nominal GDP in year 1 and compute the chain-weighted GDP (Y2) for year 2 using the following formula: Lastly, compute the growth rate of chain-weighted real GDP between year 1 and 2. Round your answer to the nearest one-decimal digit number (you can use the round function in excel, for instance) and enter it below

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