Based on the graph, how many recessions has France economy undergone over the years plotted in the chart? Remember shaded areas shows recession.  What are the two biggest recessions in terms of length and magnitude? 2020 is not included.

Survey of Economics (MindTap Course List)
9th Edition
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Irvin B. Tucker
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 13SQ
icon
Related questions
Question
  1. Based on the graph, how many recessions has France economy undergone over the years plotted in the chart? Remember shaded areas shows recession. 
  2. What are the two biggest recessions in terms of length and magnitude? 2020 is not included. 
FRED – Real Gross Domestic Product for France
10
-5
-10
-15
-20
1980
1985
1990
1995
2000
2005
2010
2015
2020
Source: Eurostat
fred.stlouisfed.org
Percent Change from Year Ago
Transcribed Image Text:FRED – Real Gross Domestic Product for France 10 -5 -10 -15 -20 1980 1985 1990 1995 2000 2005 2010 2015 2020 Source: Eurostat fred.stlouisfed.org Percent Change from Year Ago
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Recession
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Survey of Economics (MindTap Course List)
Survey of Economics (MindTap Course List)
Economics
ISBN:
9781305260948
Author:
Irvin B. Tucker
Publisher:
Cengage Learning
MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
Economics
ISBN:
9781337613057
Author:
Tucker
Publisher:
CENGAGE L
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning