Question 18 Not yet answered Marked out of 1 Not flaggedFlag

Question 18 Not yet answered Marked out of 1 Not flaggedFlag question Question text Look up NBER’s Business Cycle Contractions and Expansions, http://www.nber.org/cycles/cyclesmain.html. The economy’s last recession turned upward in Select one: a. April 2008 b. June 2009 c. August 2010 d. December 2011

Question 19 Not yet answered Marked out of 1 Not flaggedFlag question Question text The purchase new machinery and new homes, inventories of new goods not yet sold, and goods that are partially manufactured on December 31st of this year, are included in which category of this year’s GDP? Select one: a. Consumption b. Government Spending c. Investment d. Net Exports

Solution

Question 18:

Correct Answer:

b. June 2009

Explanation:

As per the statistics given at NBER, expansion or upward turn in last recession took place in June 2009 and it was announced on September 20, 2010.

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