five quarters of 1974-1975. Annual Percent Change Nominal GDP Annual Percent Change Real GDP Year/Quarter 1974/Q1 4.1 -3.4 1974/02 10.8 1.0 1974/03 8.1 -3.7 1974/04 10.6 -1.5 1975/01 4.2 -4.8 The inflation rate in the United States was lowest in which of the following quarters?

five quarters of 1974-1975. Annual Percent Change Nominal GDP Annual Percent Change Real GDP Year/Quarter 1974/Q1 4.1 -3.4 1974/02 10.8 1.0 1974/03 8.1 -3.7 1974/04 10.6 -1.5 1975/01 4.2 -4.8 The inflation rate in the United States was lowest in which of the following quarters?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The seasonally adjusted data below depict the performance of the economy of the United States in
five quarters of 1974-1975.
Annual Percent Change Nominal GDP
Annual Percent Change Real GDP
Year/Quarter
1974/Q1
4.1
-3.4
1974/02
10.8
1.0
1974/03
8.1
-3.7
1974/04
10.6
-1.5
1975/01
4.2
-4.8
The inflation rate in the United States was lowest in which of the following quarters?
Select one:
OA 1974/Q1.
O B. 1974/Q2.
OC. 1974/Q3.
OD. 1974/Q4.
OE 1975/Q1.

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