Given the below information, find the percent rate of change in real
GDP = C + Ig + G + NX Price
Q1 300 70 170 30 $4
Q2 370 130 230 30 $5
Q3 430 170 270 30 $6
Q4 570 230 370 30 $7
Calculate the GDP for
Q1 = C + I + G + NX = 300+70+170+30 =570
Calculate the GDP for
Q2 = C + I + G + NX = 370+130+230+30 =760
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