Please answer a and b 1. The following table shows Spain's (annualized) quarterly real GDP growth rates for the 2007-2012 period.(Roman numbers refer to quarters.)2007 2007 2007 2007 2008 2008IIVariableIIIIIIVReal GDP7.67.36.56.45.64.6Variable2008 2008 2009 2009 2009 2009IIIIVIIIIIIVReal GDP3.10.5-0.1 -4.1-4.5 -3.32010 2010 2010 2010 2011 2011IIVariableIIIIIIVIReal GDP -1.5 -0.20.00.40.50.52011 2011 2012 2012 2012 2012IVVariableIIIIVIIIIIReal GDP0.60-0.7 -1.4 -1.6 -1.9a)Plot real GDP growth rate in a graph, and identify a trend in the data.b)Based on the data shown, identify the beginning (i.e., the year and the quarter) of the currentrecession.

The given data table is variable real GDP growth 2007(1) 7.6 2007(2) 7.3 2007(3) 6.5…

The following table shows Spain's (annualized) quarterly real GDP growth rates for the 2007-2012 period. (Roman numbers refer to quarters.) 2007 2007 2007 2007 2008 2008 II Variable II III IV Real GDP 7.6 7.3 6.5 6.4 5.6 4.6 2008 2008 2009 2009 2009 2009 IV Variable II IV II III Real GDP 3.1 0.5 -0.1 -4.1 -4.5 -3.3 Variable 2010 2010 2010 2010 2011 2011 II III IV I II Real GDP -1.5 -0.2 0.0 0.4 0.5 0.5 Variable 2011 2011 2012 2012 2012 2012 III IV II III IV Real GDP 0.6 0.0 -0.7 -1.4 -1.6 -1.9 a) Plot real GDP growth rate in a graph, and identify a trend in the data. b) Based on the data shown, identify the beginning (i.e., the year and the quarter) of the current recession.

The following table shows Spain's (annualized) quarterly real GDP growth rates for the 2007-2012 period. (Roman numbers refer to quarters.) 2007 2007 2007 2007 2008 2008 II Variable II III IV Real GDP 7.6 7.3 6.5 6.4 5.6 4.6 2008 2008 2009 2009 2009 2009 IV Variable II IV II III Real GDP 3.1 0.5 -0.1 -4.1 -4.5 -3.3 Variable 2010 2010 2010 2010 2011 2011 II III IV I II Real GDP -1.5 -0.2 0.0 0.4 0.5 0.5 Variable 2011 2011 2012 2012 2012 2012 III IV II III IV Real GDP 0.6 0.0 -0.7 -1.4 -1.6 -1.9 a) Plot real GDP growth rate in a graph, and identify a trend in the data. b) Based on the data shown, identify the beginning (i.e., the year and the quarter) of the current recession.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 3P

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