Macroeconomics, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (7th Edition)
7th Edition
ISBN: 9780134472669
Author: Blanchard
Publisher: PEARSON
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Question
Chapter 1, Problem 5QAP
a.
To determine
The number of recession the US economy has undergone since 1960, quarter 2.
b.
To determine
The number of quarters each recession lasted.
c.
To determine
In terms of length and magnitude, two recessions have been the most severe.
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O A.
15
In
10++
2000
2012
Q
Q
M
GDP Percentage Data
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
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Percent
13.4%
13.4%
13.1%
12.7%
12.8%
12.7%
12.4%
12.0%
12.1%
12.0%
12.2%
12.3%
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15-
PRILL
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10+
2000
2012
Calculate the growth rate of Nominal GDP between 2012 and 2013 (up to two places after decimal, no % sign)
Year
2011
2012
2013
Typed numeric answer will be automatically saved
Nominal GDP
$13,399
14,078
14,441
Real GDP
$12,976
13,254
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Chapter 1 Solutions
Macroeconomics, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (7th Edition)
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