Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 23 - Part VIII - Measuring a Nation's Income - Problems and Applications - Page 504: 7

Answer

The Bureau of Economic Analysis's website was used on 6/23/19, and the notes are from the press release of 5/30/19.

Work Step by Step

Real GDP increased at an annual rate of 3.1% for the first three months of the year. Increases in investment, consumption, and government spending helped the real GDP increase. Net imports also increased (imports increased as exports decreased).
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