You are provided with the following data – assume the two items produced by an economy are movies and popcorn. Quantities and prices of these goods for the last several years are shown below. The base year is 2017. Prices and Quantities Year Price of Movies Quantity of Movies Price of Popcorn Quantity of Popcorn 2017 $11.00 400 $5 800 2018 $12.00 500 $4 900 2019 $12.00 600 $5 1000 2020 $13.00 600 $6 900 What is the approximate economic growth rate for the year 2020? Answers: -4.3% 19% 16% 4.3%

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