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Answer fillings and everything please Consumption is the largest and most stable component of GDP Net Exports represents the foreign component of GDP When Government

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Consumption is the largest and most stable component of GDP Net Exports represents the foreign component of GDP When Government Spending |increases, Consumption usually declines. This phenomenon is known as |crowding out QUESTION 2 Suppose that the government purchases $50 million worth of computers from China. Which of the following GDP accounts will be affected? O Consumption O Investment O Government Purchases O Net Exports QUESTION 3 Using the data below, what is the value of Nominal GDP for the current year? base year current year Q Q Basketballs $5.71 20 $3.16 40 Baseballs $6.29 20 $4.90 |10 Round to two (2) decimal places if necessary QUESTION 4 Using the data below, what is the value of Real GDP for the current year? base year currentyear Q Q Basketballs $3.40 20 $9.53 40 Baseballs $9.55 20 $6.29 10 Round to two (2) decimal places if necessary

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