Real GDP grew 1 percent in 2013. Business investment increased 3.2 percent, exports grew 1.6 percent, and
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Real GDP grew 1 percent in 2013. Business investment increased 3.2 percent, exports grew 1.6 percent, and imports rose by 2.2 percent. Use the flows in the figure in Problem 2 to identify each flow in the news clip. How can GDP have grown by only 1 percent with investment and exports growing by more than 1 percent?
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Related Book For 
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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