The following data show Uruguay?s GDP using purchasing power parity in billions of dollars.
Using the data, we can conclude that
A) Uruguay?s economy entered a recession in 2005.
B) potential GDP more than doubled between 2000 and 2008.
C) Uruguay?s standard of living increased steadily between 2000 and 2008.
D) Uruguay?s economy reached a trough in 2002.
Correct Answer:
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