The Commerce Department reported that in December 2015, retail sales rose by 0.2, net exports decreased, inventories

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The Commerce Department reported that in December 2015, retail sales rose by 0.2, net exports decreased, inventories held by businesses rose by 0.1 percent, and total sales by businesses fell by 0.6 percent.

Does the statement that total sales by businesses fell by 0.6 percent mean that GDP decreased by 0.6 percent? Explain your answer.

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Jan 06, 2023 12:15 AM

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The Commerce Department reported that in December 2015, retail sales rose by 0.2, net exports decreased, inventories

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The statement total sales by businesses does not specify wheth...View the full answer

Foundations Of Economics

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