Consider an economy in which only three goods , and are produced. and are consumption goods and the output of in a year is used up in production of and in that year. The following table gives the unit prices (, and rupees respectively) and the number of units produced (, and respectively) of each of the goods for three years I, II and III :
| Year | ||||||
|---|---|---|---|---|---|---|
| I | 1 | 2 | 2 | 5 | 1 | 2 |
| II | 1·5 | 3 | 2 | 6 | 1·5 | 4 |
| III | 1·5 | 6 | 3 | 6 | 2 | 5 |
What is the rate of growth of real GDP (base year I) in year III?
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