1. What happened to the USA's economic growth?
2. What is the main contributing factor to this change?
3. Discuss in a couple of sentences things that are important for the change in the USA's economic growth.

Table 1

RGDP	Value in $ Billion
2020 Q1 RGDP	$ 18,989.88
2020 Q2 RGDP	$ 17,378.71

Note:

Q1: First Quarter

Q2: Second Quarter

Step 3: Use the data in Step 2 to calculate the economic growth from 2020 Q1 to 2020 Q2.

Enter the answer as a percentage (%) in the space below: -8.48

 

Answer rating: 100% (QA)

Based on the provided data the USAs economic growth declined by 848 from 2020 Q1 to 2020 Q2 The main contributing factor to this change in economic gr... View the full answer