Question: Use the data on real GDP in this table to answer the following questions. a. Which country experienced the highest rate of economic growth during

Use the data on real GDP in this table to answer the following questions.

Country 2007 2008 2009 2010 Brazil 1,295.7 1,362.6 1,353.8 1,455.2 Mexico Thailand

a. Which country experienced the highest rate of economic growth during 2008 (that is, for which country did real GDP increase the most from 2007 to 2008)?

b. Which country experienced the worst economic recession during 2009? Briefly explain.

c. Which country experienced the highest average annual growth rate between 2008 and 2010?

d. Does it matter for your answer that each country’s real GDP is measured in a different currency? Briefly explain.

Country 2007 2008 2009 2010 Brazil 1,295.7 1,362.6 1,353.8 1,455.2 Mexico Thailand 8,806.7 8,911.4 4,259.5 8,362.4 8,815.3 4,368.4 4,265.1 4,597.0

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