Please help me with the Econ Quiz based on the web page.?

Y

Yong Whan Kim

New member
Please help me with the answers, I am really having trouble.
Here is the link to the table you need to use.

http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=6&ViewSeries=NO&Java=no&Request3Place=N&3Place=N&FromView=YES&Freq=Qtr&FirstYear=2007&LastYear=2010&3Place=N&Update=Update&JavaBox=no

Looking at the information from the 4th Quarter of 2007 (recession officially started in December 2007) and the 2nd quarter of 2009 (official end is June 2009), answer the following questions :

1) What was the percentage decline in GDP ( ) %ROUND TO 1 DECIMAL!!!

2) What was the percentage decline in Consumption: ( ) % ROUND TO 1 DECIMAL!!!

3) What was the precentage decline in Investment: ( ) % ROUND TO 1 DECIMAL!!!

4) What was the precentage increase in Government Spending: ( ) %ROUND TO 1 DECIMAL!!!

5) By what percent was our trade deficit reduced: ( ) % ROUND TO 1 DECIMAL!!!


6) Which segment of GDP saw the greatest percentage change during the recession?
A) Consumption
B) Investment
C) Government
D) Net Exports

7). Since between the 2nd quarter of 2009 and now has consumption and investment increased in every quarter?
A) Yes
B) No
 
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