The seasonally adjusted data below depict the performance of the U.S. economy in four quarters of1990-1991.Year/Quarter1990/Q31990/Q41991/Q11991/Q2Select one:OA lower than.Annual Percent Change Nominal GDP+3.7-0.7+2.0+6.2Real GDP in the United States in the first quarter of 1991 was_____ it was in the fourth quarter of1990.OB. higher thanOC. the same asAnnual Percent Change Real GDP+0.3-3.6-1.9+3.2

real gdp is calculated at base price level whereas nominal gdp is calculate dat current year price…

The seasonally adjusted data below depict the performance of the U.S. economy in four quarters of 1990-1991. Year/Quarter 1990/Q3 1990/Q4 1991/01 1991/92 Annual Percent Change Nominal GDP +3.7 -0.7 +2.0 +6.2 Real GDP in the United States in the first quarter of 1991 was. 1990. Select one: OA lower than B. higher than OC. the same as Annual Percent Change Real GDP +0.3 -3.6 -1.9 +3.2 it was in the fourth quarter of

The seasonally adjusted data below depict the performance of the U.S. economy in four quarters of 1990-1991. Year/Quarter 1990/Q3 1990/Q4 1991/01 1991/92 Annual Percent Change Nominal GDP +3.7 -0.7 +2.0 +6.2 Real GDP in the United States in the first quarter of 1991 was. 1990. Select one: OA lower than B. higher than OC. the same as Annual Percent Change Real GDP +0.3 -3.6 -1.9 +3.2 it was in the fourth quarter of

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section13.1: National Income Accounting

Problem 5R

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