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CFA Level 1
Economics

Impact of Consumer Spending and Exports on GDP

Easy Macroeconomics Gdp And Growth

Gross Domestic Product (GDP) is a critical indicator used to gauge the health of a country's economy. It represents the total value of all goods and services produced over a specific time period within a nation's borders. Understanding the components that contribute to GDP can provide insights into economic performance and growth.

Consider a hypothetical country, Ekonomia, which is experiencing an increase in consumer spending and a rise in exports compared to last year. Given this information, which of the following statements is most likely true regarding the impact on Ekonomia's GDP?

Hint

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