Market resesarch chapter 6 pt a

Market resesarch chapter 6 pt a - Sarah Anderson Marketing...

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Unformatted text preview: Sarah Anderson Marketing Research Ch 6 pt A Part A (5 possible points) Questions for Review and Critical Thinking (pages 143) Question 8. 8.) Find the following data in the Survey of Current Business: The acceleration in the pace of U.S. production in the third quarter of 2003 was confirmed by the final estimates. Real GDP increased 8.2 percent, the same rate shown by the preliminary estimates released in November. The acceleration reflected strong consumer spending and an improved trade balance. Inflation was moderate: The price index for gross domestic purchases increased 1.8 percent after increasing 0.4 percent, partly reflecting an upturn in energy prices. Real GDP increased 3.9 percent (at an annual rate) in the first quarter of 2004 after increasing 4.1 percent in the fourth quarter of 2003; most of the major components of GDP contributed to the first-quarter increase. The price index for gross domestic purchases increased 3.5 percent after increasing 1.3 percent; the pickup partly reflected index for gross domestic purchases increased 3....
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