Homework Answers
Answer - Option C
2009 ; 2012 ; 2013
Recessionary gap takes place when the potential GDP is more than the actual or the real GDP . This happens in three years as per the given table i.e in the year 2009,2012,2013 . Hence the gap will be observed in these three years .
In 2010 and 2011 the potential GDP is less than real GDP hence it is inflation and not the recession.
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Given below are data on real GDP and potential GDP for the nation of Anaziland for...
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Using the following data, graph the real GDP growth rates for 2007–2016. Instructions: Use the tool...
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Q.8
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Using the following data, graph the real GDP growth rates for
2007–2016.
Instructions: Use the tool provided 'Growth' to
plot the line point by point (plot 10 points total). When plotting
each point, round the GDP growth rate to the nearest 0.25% (e.g.,
round 1.8% to 1.75%, round 2.4% to 2.5%, etc., refer to the fourth
column in the table).
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Q.8
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