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$720.72 million DQuestion 10 For the following questions, suppose a country has the following quarterly growth data for the l
Question 11 2 pts product (GDP) values are measured in millions of dollars, to answer the following questions: Nominal GDP Re
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Answer #1

1). Country's long run average growth is 3 percent , so quaters having less than 3 percent growth rate will be consider in recession i.e. Q1 in 2012 , Q2 in 2011 and 2012, Q3 in 2010 and 2011, Q4 in 2010 and 2011.

Recession is occurs when the growth is less than the average growth.

2).  

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