Explain how Chinas real GDP can grow at a 6.9 percent rate when consumption and investment grew

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Explain how China’s real GDP can grow at a 6.9 percent rate when consumption and investment grew faster than 6.9 percent.

China’s real GDP increased 6.9 percent in the first quarter of 2017 from a year earlier. Investment grew by 9.2 percent and retail sales by 10.9 percent. In current prices, GDP increased by 11.8 percent from a year earlier.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:02 PM

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Explain how Chinas real GDP can grow at a 6.9 percent rate when consumption and investment grew

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Chinas real GDP Gross Domestic Product represents the monetary value of all final goods and services ...View the full answer

Economics

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