Answer the following question The gross domestic product (GDP) was forecasted to decrease by 30% from 9%

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The gross domestic product (GDP) was forecasted to decrease by 30% from 9% growth last year. The real estate (RE) and mining businesses having an Income elasticity of demand (YED) of 4.1 and 2.7, respectively. As the financial manager planning for investments opportunities, what would you recommend? Invest more in mining than RE with a lesser decrease in demand of 0.81% O Invest more in mining than RE with a lesser decrease in demand of 8.1% Invest more in RE than mining with a bigger YED of 4.1 O Look for other options and wait for opportunities until GDP recovered

Posted Date: Jul 03, 2024 08:29 PM

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Answer the following question The gross domestic product (GDP) was forecasted to decrease by 30% from 9%

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