Question

In the base year, a country produced 50 units of output at a price of R6,00 each
for a nominal GDP of R300. This year it produces 60 units of output at a price of
R8,00 each. What is the percentage change in real GDP since the base year?

(a) 5%;
(b) 10%;
(c) 20%;
(d) 15%.

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