Calculate the percentage rates of increase in real gdp, Business Economics

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Calculate the percentage rates of increase in real gdp

Calculate the percentage rates of increase in real GDP, consumption of durables, consumption of nondurables, and consumption of services, and plot these.

a) What do you notice in these plots compared to the information in Figure 3.9 and 3.10.

b)Provide an explanation for your observations in part (a).

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