Question: According to the article, U. S. GDP's Early 2022 Dip Was Bigger Than Previously Thought; Signs of a slowing economy have grown during the second
According to the article, "U. S. GDP's Early 2022 Dip Was Bigger Than Previously Thought; Signs of a slowing economy have grown during the second quarter, with some economists forecasting a weak performance for the April-through-June period", Gross Domestic Product (GDP), a broad measure of national output in the first quarter of 2022 , shrunk at the annual rate of 1.6%, weaker than a previous estimate of 1.5\%. Which component(s) of GDP (C, I, G, NX) contributed to the decline in real GDP in the first quarter? Do you think that the economy will quickly recover and go back to normal within several quarters? Why or why not? Briefly discuss your reasoning. Source: Sarah Chaney Cambon, U. S. GDP's Early 2022 Dip Was Bigger Than Previously Thought; Signs of a slowing economy have grown during the second quarter, with some economists forecasting a weak performance for the April-through-June period", Wall Street Journal (Online) ; New York, N.Y. [New York, N.Y], 29 June 2022
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