Economic

The seasonally adjusted data below depict the performance of the economy of the United States in five quarters of 1974-1975. Year/Quarter Annual Percent Change Nominal GDP Annual Percent Change Real GDP 1974/Q3 +8.1 -3.7 1974/Q4 +10.6 -1.5 1975/Q1 +4.2 -4.8 1975/Q2 +9.1 +2.9 1975/Q3 +14.8 +7.0 The economic growth rate in the United States in the second quarter of 1975 was it was in the fourth quarter of 1974. Select one: O A. higher than O B. the same as O C. lower than