Problem
In the text, we calculated the change in real GDP in the hypothetical economy of Table 2-3 , using the prices of 2005. Calculate the change in real GDP between 2005 and 2010 using the same data but the prices of 2010 . Your answer should demonstrate that the prices that are used to calculate real GDP do affect the calculated growth rate, but typically not by very much.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.