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5% (US) - 6% (UK) = -1%. Step 2: Calculate the difference in real GDP growth rates. Here, it's 3% (US) - 5% (UK) =
5% (US) - 6% (UK) = -1%. Step 2: Calculate the difference in real GDP growth rates. Here, it's 3% (US) - 5% (UK) = -2%. Step 3: Subtract the result of Step 2 from Step 1. So, -1% - (-2%) = 1%.From your answer in a above, would you increase or decrease your investments in the United Kingdom
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
