The figure shows the natural log of real GDP (solid black line) and its trend (dashed gray line) between 2014 and 2024. Which of the following statements is correct?

Question

The figure shows the natural log of real GDP (solid black line) and its trend (dashed gray line) between 2014 and 2024.   Which of the following statements is correct?

Answer

Between  201 8 and  20 20,  real GDP grew on average 2.5 % per year .

Answer

In  20 20,  real GDP was 120% below trend.

Answer

Between  2014  and  2018 ,  real GDP grew on average  3% per year .

Answer

B etween  20 20 and  20 24,  real GDP grew faster than the trend.

Crowdly

The figure shows the natural log of real GDP (solid black line) and its trend (d...

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