The seasonally adjusted data below depict the performance of the economy of the United States in five quarters of 2013-2014. Year/Quarter 2013/Q3 2013/Q4 2014/Q1 2014/Q2 2014/Q3 Annual Percent Change Nominal GDP Select one: OA. lower than OB. higher than C. the same as 5.1 6.1 0.6 6.3 6.7 In the second quarter of 2014, the economic growth rate was 2013. Annual Percent Change Real GDP 3.1 4.0 -1.2 4.0 5.0 it was in the fourth quarter of
The seasonally adjusted data below depict the performance of the economy of the United States in five quarters of 2013-2014. Year/Quarter 2013/Q3 2013/Q4 2014/Q1 2014/Q2 2014/Q3 Annual Percent Change Nominal GDP Select one: OA. lower than OB. higher than C. the same as 5.1 6.1 0.6 6.3 6.7 In the second quarter of 2014, the economic growth rate was 2013. Annual Percent Change Real GDP 3.1 4.0 -1.2 4.0 5.0 it was in the fourth quarter of
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 8SQP
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![The seasonally adjusted data below depict the performance of the economy of the United States in
five quarters of 2013-2014.
Year/Quarter
2013/Q3
2013/Q4
2014/Q1
2014/Q2
2014/Q3
Select one:
Annual Percent Change Nominal GDP
In the second quarter of 2014, the economic growth rate was
2013.
A. lower than
B. higher than
O C. the same as
5.1
6.1
0.6
6.3
6.7
Annual Percent Change Real GDP
3.1
4.0
-1.2
4.0
5.0
it was in the fourth quarter of](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F72a1aca9-30d8-4185-a47e-9c73b97f2549%2F4e16d891-bb42-4fe1-afdf-34ec1f277fd4%2Fc57m27p_processed.png&w=3840&q=75)
Transcribed Image Text:The seasonally adjusted data below depict the performance of the economy of the United States in
five quarters of 2013-2014.
Year/Quarter
2013/Q3
2013/Q4
2014/Q1
2014/Q2
2014/Q3
Select one:
Annual Percent Change Nominal GDP
In the second quarter of 2014, the economic growth rate was
2013.
A. lower than
B. higher than
O C. the same as
5.1
6.1
0.6
6.3
6.7
Annual Percent Change Real GDP
3.1
4.0
-1.2
4.0
5.0
it was in the fourth quarter of
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