The Table Given Below Lists the Price Per Unit and Output

The table given below lists the price per unit and output of computers and calculators (the only two goods produced by a nation) for the years 1995 and 2003.
Table 5.6
$\begin{array}{c}\quad\quad\quad\quad\text { Production Data }\\\quad\quad\quad\quad\quad\text { Prices per Unit } \quad\quad \text { Quantity }\\\begin{array}{|c|l|l|c|c|}\hline \text { Production } & \mathbf{1 9 9 5} & \mathbf{2 0 0 3} & \mathbf{1 9 9 5} & \mathbf{2 0 0 3} \\\hline \text { Computers } & \$ 2,000 & \$ 1,600 & 100 & 100 \\\text { Calculators } & \$ 60 & \$ 70 & 900 & 900 \\\hline\end{array}\end{array}$
-Refer to Table 5.6. What is the constant-dollar real GDP growth from 1995 to 2003 using 2003 as the base year?

A) 50 percent
B) zero percent
C) -75 percent
D) 100 percent
E) 14 percent

Correct Answer:

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