The growth of potential GDP slowed following the recession of 2007-2009. Use the data in the following table to discuss how movements in potential GOP can be ined by the chapter Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Investment as a Annual Growth in Labor Productivity Percentage of GOP 99% 1.6 0.8 32 3.3 0.1 0.9 03 1.0 19.4% 18.3 16.5 13.0 14.1 14.4 15.6 16.2 16.7 17.1 16.4 12 0.0
The growth of potential GDP slowed following the recession of 2007-2009. Use the data in the following table to discuss how movements in potential GOP can be ined by the chapter Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Investment as a Annual Growth in Labor Productivity Percentage of GOP 99% 1.6 0.8 32 3.3 0.1 0.9 03 1.0 19.4% 18.3 16.5 13.0 14.1 14.4 15.6 16.2 16.7 17.1 16.4 12 0.0
Chapter9: Aggregate Demand
Section: Chapter Questions
Problem 3.7P
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