Which country or countries are forecasted to avoid a recession in the upcoming year? C & D Only B & C Only CWhich country or countries are forecasted to avoid a recession in the upcoming year? Which country or countries are forecasted to avoid a recession in the upcoming year? ●C & D ●Only C Only B & D Country Recent Q+1 A B C D Q+2 Q+3 Q+4 Quarter Real GDP Real GDP Real GDP Real GDP Real GDP Forecast Forecast Forecast Forecast 21 47 36 26 19 50 38 22 18 55 41 25 20 53 47 23 22 50 52 24

The table lists real GDP and the population in the United States. In which year did the standard of living increase and in which year did the standard of living decrease? Explain The standard of living increased in The standard of living decreased in OA. none of the years given in the table; every year given in the table because the United States experienced a recession between 2006 and 2009 OB. 2007 because real GDP per person increased; 2008 and 2009 because real GDP per person decreased OC. 2008 and 2009 because real GDP per person increased; 2007 because real GDP per person decreased OD. every year given in the table because the standard of living is constantly increasing: none of the years given in the table Show Transcribed Text Year 2006 2007 2008 2009 Real GDP (trillions) $13.0 $13.2 $13.2 $12.8 Ć Population (millions) 300 302 304 307

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Question 12

How did government purchases and real GDP co-move during and afterthe Great Recession?

Refer to Table 6.2. Assume that this economy produces only two goods Good X and Good Y. If year 1 is the base year, calculate the value for this economy's real GDP in year 2 ______.

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From 2007 to 2009, calculate the percentage change in   (Enter your responses as a percentage rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign (−) in front of those numbers.)   a. real consumption.         __%   b. real investment.     __    %   c. real government spending.      __   %

QUESTION 15 The production and prices in a country in two subsequent years are described by the following table Year 1 Year 2 Good Оиаntity Price Оuantity Price Apples Oranges 60 $1.00 55 X 40 $1.00 45 y Where x is $1.53 and y is $1.53. What is the nominal GDP growth rate in percent terms? (Submit your answer with up to two decimals, i.e., -10.22 for -10.22% and 11.44 for 11.442%.)

GDP and the Measurement of Progress _ Ask FRED The accompanying graph depicts quarterly Real GDP in the United States. Real GDP is measured irn billions of dollars. ALFRED I 17,200 16,800 O 16,400 16,000 o 15,600 15,200 6 14,800 14,400 14,000 13,600 2006 2008 2010 2012 2014 2016 Source: U.S. Bureau of Economic Analysis a. What was the highest level of real GDP prior to the last recession? Enter your answer in billions of dollars and round your answer to one place after the decimal. billion