Question

Suppose a country produces two final goods only, good A and good B. In 2017, the...

Suppose a country produces two final goods only, good A and good B. In 2017, the price for good A was $1 and the price for good B was $11. In 2018, the prices for good A and good B were $5 and $13 respectively, and the outputs of good A and B were 117 units and 236 units respectively. In 2019, the prices for good A and good B are $4 and $15 respectively, the outputs are 113 units and 245 units respectively. The base year is 2017. What is the growth rate of real GDP from 2018 to 2019?

Round your answer to 2 digits after the decimal point. Leave out the percentage sign, that is, if your answer is 1.23%, type 1.23, not 1.23%, not 0.0123.

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