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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?

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Definitions:

Projected Sales

The estimated amount of sales revenue a company expects to earn in a future period, based on market analysis and sales trends.

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