Access the Discovering Data exercise for Chapter 13 online to answer the following questions. a. What was

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Access the Discovering Data exercise for Chapter 13 online to answer the following questions.

a. What was GDP for the United States last year?

b. Calculate the absolute change in U.S. GDP between last year and the year before.

c. Which component of GDP was the largest last year? Which was the smallest?

What is the most recent year in which net exports were positive?

d. What happened to the size of government spending during the 1940s? What factors likely caused the shift?

e. How has each of the four components, as a percent of GDP, changed since the 1940s?

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Essentials Of Economics

ISBN: 9781319221317

5th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Mar 09, 2024 08:00 AM

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Access the Discovering Data exercise for Chapter 13 online to answer the following questions. a. What was

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Essentials Of Economics

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