The data show Argentina's GDP (using purchasing power parity) in billions of dollars
Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
GDP($) 182 209 235 255 277 274 294 324 340 333 338 330 300
Year 2003 2004 2005 2006
GDP($) 333 373 420 470
The data show that
A) Argentina's economy was in a recession from 2004 through 2006.
B) Argentina's economy was in a recession in 2001 and 2002.
C) GDP per person more than doubled between 1990 and 2006.
D) Argentina's economy reached a peak in 1996.
B
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If the Federal Reserve purchases newly issued government bonds, the government is said to be
A) borrowing from the public. B) monetizing the deficit. C) borrowing from itself. D) fiscalizing the deficit.
What happens to national saving when the government runs a budget surplus? What happens to national saving when the government runs a budget deficit?
What will be an ideal response?