From the homepage of the Bureau of Economic Analysis (www.bea.gov) obtain quarterly data for U.S. real GDP

Question:

From the homepage of the Bureau of Economic Analysis (www.bea.gov) obtain quarterly data for U.S. real GDP from three recessions: 1981–1982, 1990–1991, and 2001. (LO1)

a. How many quarters of negative real GDP growth occurred in each recession?

b. Which, if any, of the recessions satisfied the informal criterion that a recession must have two consecutive quarters of negative GDP growth?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Macroeconomics

ISBN: 9781259414367

6th Edition

Authors: Robert Frank, Ben Bernanke, Kate Antonovics

Question Posted: