An economy produces only food and fun. The table shows the quantities produced and prices in 2018 and 2019. The base year is 2019. In 2018 Calculate the value of 2019 production in 2018 prices and the percentage increase in production when valued at 2018 prices. Item Quantity Price Food 97 $3 Fun 70 $2 The value of 2019 production in 2018 prices is $ In 2019 Item Quantity Price Food 71 $9 Fun 67 $8

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Q: An economy produces only food and fun. The table shows the quantities produced and prices in 2018…

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