Question: Consider the formula: GDP ( = mathrm { C } + mathrm { I } + mathrm { G } +

Consider the formula: GDP \(=\mathrm{C}+\mathrm{I}+\mathrm{G}+(\mathrm{X}-\mathrm{M})\)
A country has a 10 billion increase in imports, with a corresponding 7 billion increase in exports. Assuming nothing else has changed, what happened to GDP?
- GDP rose by 10 billion
- GDP rose by 17 billion
LOGP declined by 3 billion
Consider the formula: GDP \ ( = \ mathrm { C } +

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