This economy experienced a contraction in the years On the first graph (showing real GDP), this contraction is seen as a period in which the level of real GDP On the second graph (shovwing annual change in real GDP), this contraction is seen as a period in which the growth rate of real GDP True or False: This economy was experiencing an expansion in 1991. False True

Suppose nominal GDP was $13,302.3 billion in 2007 and was $13,790.2 billion in 2009. If the GDP deflator for 2009 (with a base year of 2007) was 103.034, what is the growth rate of real output between 2007 and 2009? Show your calculations, otherwise you will lose a lot of points..

Consider an economy that produces only computers. The quantity of computers and the price of computers in four successive years are given in the table. A. Calculate the Nominal GDP and Real GDP. What trends do you observe? Show all your calculations. B. Calculate the growth rate of nominal GDP for 2015, 2016, and 2017. Round your answers to one decimal place. What trends do you observe? C. Calculate the growth rate of real GDP for 2015, 2016, and 2017. Round your answers to one decimal place. What trends do you observe? Thank you soso much!! :)

In the graph you've just explored, when did the most recent expansion begin? The most recent expansion began _____. A. At the trough in 2009 B. at the peak in 2007 C. in 2005 D. in 2008 when real GDP equaled potential GDP

i need help to check my work

Just the asnwer is fine! Thanks