According to the News on page 160, (a) By what annual rate did GDP decline in the
Question:
According to the News on page 160,
(a) By what annual rate did GDP decline in the 4th quarter of 2008?
(b) At that rate, how much output would have been lost in the $14 trillion economy of 2008?
(c) How much income did this represent for each of the 300 million U.S. citizens?
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a 38percent b 532 billion c 177333 per person Feedback a ...View the full answer
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Related Book For 
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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