the table below reports quarterly gdp and real gdp data for the united states during the great recession, which lasted from the

Question

2 years ago

7

end of 2007 to mid-2009.

1 answer:

Sergio039 [100] · Answer 1 · 2023-02-21T01:48:11+03:00

The above exercise has to do with GDP Analysis. It contains a comparison between Real GDP and nominal GDP.

Real GDP refers to a version of GDP (Gross Domestic Product) that has been adjusted for the effects of price inflation.

Thus:

From 2007 Q4 through 209 Q2, the real GDP grew by - 3.98%. This was a negative growth.

This was computed by the following formula:
% Increase = (Amount representing increase/ Original Figure) x 100

That is : ((15,134.10 -15762.00)/15,762.00)*100

= -3.98363151884

≈-3.98

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