U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During
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U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 12 percent. What was the dollar value of manufactured output
(a) In 2000?
(b) In 2010?
(c) By how much did manufacturing output change?
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Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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