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Question: omputers ranges price quantity price quantity ear 1 12 10...

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omputers ranges Price Quantity Price Quantity ear 1 12 10 120 ear 2 10 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...) Next, recall that the formula for a Laspeyres index is L- formula for a Paasche index is P- Assume that real GDP in year 1 Y) equals nominal GDP in year 1 and compute Pt1 and the >Pt-1t-1 the chain-weighted GDP ( ) 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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