Business, 26.03.2020 21:04 Kelbee781

Let’s sum up some basic facts of U. S. economic history with numbers: a. First, let's measure the size of the Great Depression: Year Real GDP Price level 1929 (Peak) $323 Billion 33 1933 (trough) $206 Billion 24 Calculate the percent change in real GDP and the percent change in the price level 1929 to 1933. First, calculate the total change, and then divide it by the number of years to get the more typical measure of "percent per year." Round your answers to the nearest percent. (Note: This is four full years, not three or five.)

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Let’s sum up some basic facts of U. S. economic history with numbers: a. First, let's measure the si...

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