Question: 7. Use the data on real GDP in this table to answer the following questions. COUNTRY 2007 2008 2009 2010 Brazil $1295.7 1362.6 1353.8 1455.2

7. Use the data on real GDP in this table to
answer the following questions. COUNTRY 2007 2008 2009 2010 Brazil $1295.7 1362.6

7. Use the data on real GDP in this table to answer the following questions. COUNTRY 2007 2008 2009 2010 Brazil $1295.7 1362.6 1353.8 1455.2 Mexico 8806.7 891 1.4 8362.4 8815.3 Thailand 4259.5 4368.4 4265.1 4597.0 Note: All values are in real terms, in billions of US dollars. SOURCE: International Monetary Fund. 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

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