2.2 (Q7) Measuring l7, and l"; A real-world problem faced by policimakers, forecasters, and businesses every day is how to judge the state of the economy. Consider the table below, showing hypothetical measures of real GDP for each quarter (threemonth period) in the coming years, starting at a level of %25.0 trillion in 2023Q1 (the rst quarter of 2023). (You may nd it easier to answer these questions using a spreadsheet program. The excel le is attached on Canvas. This is also a good chance for you to try working with a new programming language you learn.) (1) (2) (3) (4) (5) Actual Potential Short-run Growth rate output output output of actual Year Yt V; K ?t lu't output %AY 2023Q1 25.00 25.00 0% - 2023Q2 25.20 2023Q3 25.40 2023024 25.30 2024Q1 25.20 2024Q2 25.15 2024Q3 25.13 2024Q4 25.30 2025Q1 25.50 2025Q2 26.00 2D25Q3 26.80 2025in 27.10 2.2.1 Assume potential output grows at a constant annualized rate of 2.5%, and complete the remainder of the table. Hint: What is the growth rate in each quarter? Textbook: An annualized rate is the rate of change that would apply if the growth persisted for an entire year. For example, if GDP increases by 1 percent over a single quarter, we would say it grew at an annualized rate of 4 percent. 2.2.2 In which periods do we observe positive growth rate of actual output but negative short-run output? 0 2024Q4 o 2025Q1 o 2025Q2