Macroeconomics
5th Edition
ISBN: 9781319098759
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Question
Chapter 6, Problem 7P
To determine
- Industrial Production decline of Germany from 2007 to 2009 and 2007 and 2014
- Decline in industrial production for given countries and rank them from largest to smallest interms of decline in production.
- Industrial decline from 2007 and 2009 for the given countries.
- Country which experienced the largest and smallest decline.
- Time duration for U.S. and Germany to recover from finanial crises.
Concept Introduction:
Industrial Production - It is the numerical value of goods which are produced in an economy by industries in a year. The production includes mining, manufacturing and utilities.
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