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Refer to Exhibit 18-5

Question 165

Multiple Choice

Refer to Exhibit 18-5. Suppose that real GDP increased 3 percent from 2015 to 2016 and increased 5 percent from 2016 to 2017. What was the average increase in real GDP from 2015 to 2017?


A) 4 percent
B) 3.5 percent
C) 4.5 percent
D) 3 percent
E) 5 percent

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