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Business, 02.10.2019 03:00, augustmarie
Consider the following data that identifies real gross domestic product (gdp) in comparison to the long-run trend of real gdp to answer the following questions: quarter real gdp(billions of dollars) long-run trend of real gdp(billions of dollars)1 4,000 4,0002 4,160 4,1203 4,326 4,2444 4,413 4,3715 4,501 4,5026 4,591 4,6377 4,499 4,7768 4,409 4,9199 4,673 5,06710 4,954 5,21911 5,252 5,37612 5,376 5,537how many quarters did this economy spend in a recession? (a) 7 quarters(b) 8 quarters(c) 4 quarters(d) 2 quarters(e) 6 quarters
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