the table below reports quarterly gdp and real gdp data for the united states during the great recession, which lasted from the
1 answer:
The above exercise has to do with GDP Analysis. It contains a comparison between Real GDP and nominal GDP.
<h3>What is real GDP?</h3>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
Learn more bout Nominal GDP at;
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