What are some possible explanations for retail sales

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Reference no: EM131862965

Problem

During 2002, real GDP in Japan rose about 1.3 percent. During the same period, retail sales in Japan fell 1.8 percent in real terms. What are some possible explanations for retail sales to consumers falling when GDP rises? (Hint: Think of the compo- sition of GDP using the expenditure approach.)

Reference no: EM131862965

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