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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

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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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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
Transcribed Image Text: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
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