ma Consider the formula GDP =C+I+G + (X-M). A country is undergoing a boom in consumption of domestic and foreign luxury goods. In one year, the dollar growth in imports is greater than the dollar growth in domestic consumption. Assuming nothing else has changed, what happened to GDP? nic Indicators: The Primacy of GDP insaf el massi Fullscreen Go Back KNOWLEDGE CHECK act. It stayed the same Consider the formula GDP =C+I+G+(X-M). A country is undergoing a boom in consumption of domestic and foreign luxury goods. In one year. the dollar growth in imports is greater than the dollar growth in domestic consumption. Assuming nothing else has changed, what happened to GDP? It went down There is not enough information to tell It went up