Answer the next two question based on these data:


1900
1901
Amount
Price
Amount
Price
Apples
100
$1.00
80
$1.50
Bananas
50
$4.00
60
$2.00
Carrots
10
$20.00
20
$15.00

From 1900 to 1901, GDP has:

remained unchanged.
risen by 8%.
declined by 26%.
declined by 44%.


Measured in prices of 1900, what is real GDP for 1901?

$160 $400 $540 $720


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