gvA Update

Exiting Recession; Any Impact on Households? When an economy exits recession, it means that it is ready for economic recovery; which is a period of increasing business activity. An economic recovery is not always easy to recognize by households until at least several months after it has begun. Economists typically use a variety of indicators, including changes in Gross Domestic Product (GDP), inflation, financial market aggregates and unemployment data to analyze the state of the economy and determine whether a recovery is indeed in progress. In this connection, using the GDP indicator that measures a countryâs output, which of the following OPEC member countries has not been among the slowest growing in real GDP since 2014? A) Ecuador, B) Iraq, C) Kuwait and D) Venezuela. 2-In which of the following OPEC African countries is the real GDP growing the fastest, compared to its population growth rate? A) Algeria, B) Angola C) Libya and D) Nigeria. ANSWERS 1-Iraq is the country that has not been among the slowest growing OPEC economies since 2014, with a real GDP growth rate of 5.2 percent over the 2014 to 2016 period. 2-Algeria is the African OPEC country with the fastest real GDP growth rate, compared to its Population growth rate, with a 1.8 percent real per capital GDP growth rate


Posted: Sep 13th, 2017 @ 12:45:04 AM