8. Following are percentage change of real GDP from the preceding quarter. Q12020: 1.26%, (22-2020: 8.98%, Q32020: 7.48%, and Q42020: 0.99% (Hint: Q1-2020 gure means that the real GDP in the US grew at a rate of 1.26% over quarter 1 of 2020 compared to the level of real GDP in quarter 4 of 2019.) Given this information, which of the following statements is fa? a) US GDP in 2020 was higher than its level in 2019 b) US GDP in 2020 was lower than its level in 2019 c) In Q2 of 2020, GDP grew at an annualized rate of 35.92%. (1) In Q3 of 2020, GDP grew at an annualized rate of 29.92%