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Which of the following statements based on the Real GDP growth chart in the video is correct? O A. Despite the drop in outputReal GDP Growth (in percent, qoq; saar) 12 EMERGING 10 WORLD ADVANCED 10 MAR-08 SEPT-08 MAR-07 SEPT-07 MAR-09

Which of the following statements based on the Real GDP growth chart in the video is correct? O A. Despite the drop in output in advanced economies, the level of output did not fall in emerging market economies O B. The level of output (real GDP) first decreased in emerging market economies. O C. The level of output (real GDP) first decreased in advanced economies O D. The crisis causes the level of output (real GDP) to fall at the same time in both emerging market and advanced economies.
Real GDP Growth (in percent, qoq; saar) 12 EMERGING 10 WORLD ADVANCED 10 MAR-08 SEPT-08 MAR-07 SEPT-07 MAR-09
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Answer #1

Option C


Lets look at the lines between Sep 07 and Mar 08. We can verify that the output first fell in advanced countries as the blue line dips while the red line keeps on increasing from Sep 07 till mid of Sep 07-March 08.

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