Multiple Choice
One In the News article titled "Economy: Sharpest Decline in 26 Years" states that
A) Real GDP fell by 6.8 percent in the last quarter of 2007.
B) Real GDP fell by 3.8 percent in the last quarter of 2008.
C) The drop in real GDP in 2008 was the greatest in 50 years.
D) The drop in real GDP in 2008 was the greatest since the Great Depression.
Correct Answer:
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