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The Following Data Give the Dates of Successive Turning Points

Question 7

Multiple Choice

The following data give the dates of successive turning points in U.S. economic activity and the corresponding levels of real GDP at the time.  Turning Paint  Date  Real GDP (1996 $ billims)   (A)   July 19531992.2 (B)   May 19541941.0 (C)   Apr. 19572182.7 (D)   Apr. 19582117.4 (E)   Apr. 19602391.0\begin{array} { | c | c | c | } \hline \text { Turning Paint } & \text { Date } & \text { Real GDP (1996 \$ billims) } \\\hline \text { (A) } & \text { July } 1953 & 1992.2 \\\hline \text { (B) } & \text { May } 1954 & 1941.0 \\\hline \text { (C) } & \text { Apr. } 1957 & 2182.7 \\\hline \text { (D) } & \text { Apr. } 1958 & 2117.4 \\\hline \text { (E) } & \text { Apr. } 1960 & 2391.0 \\\hline\end{array}  
Which of the turning points are peaks?


A) (A) , (B) , and (C)
B) (C) , (D) , and (E)
C) (A) , (C) , and (E)
D) (B) and (D)

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