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Suppose that the country of Fruitland produces only peaches and pecans. The table below shows...

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Accounting

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Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Peaches Pecans Year Price Quantity Price Quantity 2000 $11 10 $6 10 2001 $9 20 $10 10 What is the percentage growth in nominal GDP between 2000 and 2001? 64.71% 64.07% 64.17% 64.77% Suppose that the country of Fruitland produces only peaches and pecans. The table below shows the prices and quantity of peaches and pecans produced for two consecutive years. Note that all prices are per bushel. Peaches Pecans Year Price Quantity Price Quantity 2000 $11 10 $6 10 2001 $9 20 $10 10 What is the percentage change in real GDP between 2000 and 2001? 64.17% 64.77% 64.71% none of the above

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