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21 July, 05:10

Did GDP increase or decrease in the second quarter of 2018? By how much did it increase or decrease?

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Answers (2)
  1. 21 July, 05:37
    0
    Yeah it did rise.

    The new figures showed that GDP still rose 2.9%.

    Explanation:

    Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.

    Current-dollar GDP increased 5.2 percent, or $1.02 trillion, in 2018 to a level of $20.50 trillion, compared with an increase of 4.2 percent, or $778.2 billion, in 2017 (table 1 and table.

    In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it's projected to be $88,081.13 billion in 2019. In 2018, the growth rate for the world GDP was 3.6%
  2. 21 July, 07:58
    0
    Answer: GDP increased by 4.2 percent.

    Explanation: plato
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