E educationiwileyicom M: A Question 10 of10 0.17 /1 '5. During 2008 the US economy stopped growing and began to shrink. The table below gives
E educationiwileyicom M: A Question 10 of10 0.17 /1 '5. During 2008 the US economy stopped growing and began to shrink. The table below gives quarterly data on the US Gross Domestic Product (GDP), which measures the size of the economy.1 ---n (a) Estimate the relative growth rate (percent per year) at the rst four times in the table. NOTE: Round your answers to one decimal place. Relative growth rate at O = [:93 Relative growth rate at 0.25 = [: % Relative growth rate at 0.5 = :] % Relative growth rate at 0.75 = l: % (b) Economists often say an economy is in recession if the GDP decreases For two mlarters in a, rowi Was the US in recession
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