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Please show work e. No change in P or Q. ESSAY 1. In 1969, real GDP was 4,712.5. In 1970, real GDP was 4,772.0. a.

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e. No change in P or Q. ESSAY 1. In 1969, real GDP was 4,712.5. In 1970, real GDP was 4,772.0. a. Compute the percentage change in real GDP (%A real GDP) over 1970. Show your work. b. Use the information above to tell if we had a recession, economic growth, or neither. (Be sure to explain how you figured this out, and refer to what real GDP measures in your answer.)

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