1) Complete the table. Please note that the world price of T in terms of S is 1,2 and GDP calculated in terms of S. (1T=1,2 S) Before Growth After Growth Percentage Change Production of T Consumption of T Export of T Production of S Consumption of S Import of S TOT GDP 2250 2925 900 810 1800 1,2 1,2 a) Explain what type of Economic Growth is this country experiencing? Show your calculations.
1) Complete the table. Please note that the world price of T in terms of S is 1,2 and GDP calculated in terms of S. (1T=1,2 S) Before Growth After Growth Percentage Change Production of T Consumption of T Export of T Production of S Consumption of S Import of S TOT GDP 2250 2925 900 810 1800 1,2 1,2 a) Explain what type of Economic Growth is this country experiencing? Show your calculations.
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