Consider an economy where total economic output grew by 2.0% in a given year. The table below shows the growth rate for three major components of spending and their respective shares of the total economy.
| Spending Component | Share of Total Economy | Annual Growth Rate |
|---|---|---|
| Consumption | 70% | 2.0% |
| Investment | 15% | 5.0% |
| Government Spending | 20% | 1.0% |
Based on this data, which statement accurately analyzes the sources of the economic growth?
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Consider an economy where total economic output grew by 2.0% in a given year. The table below shows the growth rate for three major components of spending and their respective shares of the total economy.
Spending Component Share of Total Economy Annual Growth Rate Consumption 70% 2.0% Investment 15% 5.0% Government Spending 20% 1.0% Based on this data, which statement accurately analyzes the sources of the economic growth?
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