In the United States from 1929 to 1933, real GDP _____________ and the unemployment rate ________________.
A) declined by 27 percent; rose to 25 percent.
B) increased by 21 percent; fell to 2 percent.
C) declined by 21 percent; rose to 27 percent.
D) declined by 40 percent; rose to 50 percent.

Question

Quizplus · Accepted Answer

During the period from 1929 to 1933, which marks the beginning of the Great Depression, the United States experienced a significant economic downturn. Real GDP declined by approximately 27 percent, and the unemployment rate rose to about 25 percent.

In the United States from 1929 to 1933, Real GDP