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QUESTION
1) the components of GDP in the output (expenditures) approach. 2) calculate the growth rate based on the following information: GDP 2017 = 19.1...
1) the components of GDP in the output (expenditures) approach.
2) calculate the growth rate based on the following information:
U.S. GDP 2017 = 19.1 trillion dollars
U.S. GDP 2016 = 18.8 trillion dollars
U.S. GDP 2015 = 18.5 trillion dollars
What is the growth rate between 2015 and 2016?
What is the growth rate between 2016 and 2017?
