Suppose the following data describe output in two different…

Suppose the following data describe output in two different years: Item Year 1 Year 2 Apples 20,000 @ 25¢ each 30,000 @ 30¢ each Bicycles 700 @ $800 each 650 @ $900 each Movie Rentals 10,000 @ $1.00 each 12,000 @ $1.50 each By what percentage did real GDP decrease from Year 1 to Year 2? Instructions: Enter your response rounded to one decimal place.  Do not include a minus (-) sign or percent sign .Use the percentage change formula: ((New Value – Original Value)/Original Value)

Suppose the following data describe output in two different…

Suppose the following data describe output in two different years: Item Year 1 Year 2 Apples 20,000 @ 25¢ each 30,000 @ 30¢ each Bicycles 700 @ $800 each 650 @ $900 each Movie Rentals 10,000 @ $1.00 each 12,000 @ $1.50 each By what percentage did real GDP decrease from Year 1 to Year 2? Instructions: Enter your response rounded to one decimal place.  Do not include a minus (-) sign or percent sign .Use the percentage change formula: ((New Value – Original Value)/Original Value)