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Economics

assume that the combined consumer goods + capital goods values for points a, b, and c are $20 billion, $40 billion, and $38 billion respectively. If the economy moves from point a to point b over a 14-year period, what must have been its annual rate of economic growth?

If, instead, the economy was at point c at the end of the 14-year period, by what percentage did it fall short of its production capacity?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9467719

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