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List the components of gdp in the output approach

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Reference no: EM132995013

Question 1) List the components of GDP in the output (expenditures) approach.

Question 2) Please calculate the growth rate based on the following information:

U.S. GDP 2021 = 22.1 trillion dollars

U.S. GDP 2020 = 20.3 trillion dollars

U.S. GDP 2019 = 19.1 trillion dollars

What is the growth rate between 2020 and 2021?

What is the growth rate between 2019 and 2020?

Reference no: EM132995013

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