U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During

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U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 12 percent. What was the dollar value of manufactured output

(a) In 2000?

(b) In 2010?

(c) By how much did manufacturing output change? 

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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