This is based on the latest GDP report, which you can findathttps://www.bea.gov/news/glance(look under National Economic Accounts/Gross Domestic Product, and click current release).Answer the following questions based on this specific report.

For reference, take a look at the growth rate each quarter for the past 30 years here:https://fred.stlouisfed.org/graph/?g=E5O6.Base on this data, which do you conclude happened to our economy this past quarter?

• it contracted (shrunk)
• it experienced growth, but slower than our long term average
• it experienced growth equal to our long term average
• it experienced growth faster than our long term average.