Suppose we calculate the percentage change in real GDP from 2019 to 2020 using both the Laspeyres (first year prices) and the Paasche (final year prices) indices. With the Laspeyres approach we get 3 percent and with the Paasche approach we get 1 percent. What is the chain-weighted growth rate of real GDP

Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows: