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Increased investment in physical capital results in lower costs of production and higher output. Suppose a developing country invests heavily in physical capital and sees
Increased investment in physical capital results in lower costs of production and higher output. Suppose a developing country invests heavily in physical capital and sees its real GDP increase from $47, 000 to $53, 000 as a result. What is the percent change in real GDP? Round your answer to the nearest tenth. Be sure to include a negative sign in your answer if neccsary
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Applied Business Ethics A Skills-Based Approach
Authors: Dean Bredeson
1st edition
538453982, 978-1133419068, 1133419062, 978-0538453981
