If the european slump also leads to a slowdown of the, Ask an Expert

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If the European slump also leads to a slowdown of the other economies that import goods from the United States, the effect could be larger. Assume that US exports decrease by 5% (as a result of changes in foreign output) in one year. What is the impact of a 5% drop in exports on US GDP?

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International Economics, Economics

Category:- International Economics
Reference No.:- M9473590

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