Question: table [ [ Year , Real GDP , GDP deflator ] , [ 1 9 7 5 , 1 2 3 1 , 1
tableYearReal GDPGDP deflator
The increase in nominal GDP between and was approximately
a percent
b percent
c percent
d $ billion
If the price index measures the price level at the end of the year then the inflation rate in was approximately equal to
a percent
bpercent
c percent
dpercent
Which year does the data clearly reveal to be a recession year?
a
b
c
d
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
