Calculate the percentage increase in real GDP in 2017. Use the following information to work Problems 10

Question:

Calculate the percentage increase in real GDP in 2017.

Use the following information to work Problems 10 and 11.

New U.S. home sales surged Purchases of new U.S. homes surged in December and 2015 was the best year for housing since 2007. Existinghome sales also increased in the best year since 2006.

The inventory of existing homes on the market was smaller than demand.

Source: Bloomberg, January 28, 2016

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