Compute the year-to-year growth rates of real gdp. can you, Ask an Expert

Economics

Given below are data on real GDP and potential GDP for the United States for the year 1999-2007, in billions of 2000 dollars. For each year, calculate the output gap as a percentage of potential GDP and state whether the gap is a recessionary gap or an expansionary gap. Also calculate the year-to-year growth rates of real GDP. Can you identify the recession that occurred during this period?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9284686

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