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Use the following data to calculate GDP: consumption = $2 billion, investment = $1 billion, government spending = $0.5 billion, exports = $1 billion, imports
Use the following data to calculate GDP: consumption = $2 billion, investment = $1 billion, government spending = $0.5 billion, exports = $1 billion, imports = $4 billion. GDP = $2.5 billion GDP = $2 billion GDP = $0.5 billion GDP = $5.5 billionSuppose that news stories quote economists as saying business investments have begun to increase. This would be evidence that the economy is moving into the _____ phase of the business cycle. recovery trough recession peak
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