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Given that the annual average growth rate of potential GDP is 6.48%. Suppose the economy grows 0.5%/year faster than at the growth rate of potential GDP. What is the first quarter at which actual GDP exceeds potential GDP?

Given Real GDP = 13450
Given Potential GDP = 14250

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9747668

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