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This question looks at the recessions over the past 30 years. To work this problem, first obtain quarterly data on Nigerian output growth for the

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This question looks at the recessions over the past 30 years. To work this problem, first obtain quarterly data on Nigerian output growth for the period 1990 to the most recent date from the website of National Bureau of Statistics 1. Obtain the quarterly nominal and real GDP. 2. Calculate the percent change in real gross domestic product. 3. Plot the quarterly GDP growth rates from 1990:1 to 2020:2. 4. Did any quarters have negative growth? 5. Using the definition of a recession as two or more consecutive quarters of negative growth, answer the following questions. a) How many recessions has the U.S. economy undergone b) since 1990, quarter 2? c) How many quarters has each recession lasted? d) In terms of length and magnitude, which two recessions have been the most severe? This question looks at the recessions over the past 30 years. To work this problem, first obtain quarterly data on Nigerian output growth for the period 1990 to the most recent date from the website of National Bureau of Statistics 1. Obtain the quarterly nominal and real GDP. 2. Calculate the percent change in real gross domestic product. 3. Plot the quarterly GDP growth rates from 1990:1 to 2020:2. 4. Did any quarters have negative growth? 5. Using the definition of a recession as two or more consecutive quarters of negative growth, answer the following questions. a) How many recessions has the U.S. economy undergone b) since 1990, quarter 2? c) How many quarters has each recession lasted? d) In terms of length and magnitude, which two recessions have been the most severe

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