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Refer to the figure below: Consumption CHANGE FROM PRIOR QUARTER (percent) Investment is more volatile than consumption. InveInstructions: Enter your responses as a percent rounded to the nearest whole number. What was the range, in absolute value of

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Answer #1

a) The consumer soending is always given as 7% which is a correct answer

b) The variation in quareterly growth rates between 2000 Q1 and 2002 Q4 is (14-(-5)) = 19%.

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Answer #2

a) 7%

b) 27%

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