The Following Data Show Uruguay?s GDP Using Purchasing Power Parity $\begin{array}{ll}\text {year }&2000&2001&2002&2003&2004&2005&2006&2007&2008\\GDP(\$)&26.1&25.8&23.3&24.3&27.9&30.1&33.9&37.2&40.2\end{array}$

question 329

Multiple Choice

The following data show Uruguay?s GDP using purchasing power parity in billions of dollars. $\begin{array}{ll}\text {year }&2000&2001&2002&2003&2004&2005&2006&2007&2008\\GDP(\$) &26.1&25.8&23.3&24.3&27.9&30.1&33.9&37.2&40.2\end{array}$
Using the data, we can conclude that

• A) the standard of living did not change in Uruguay between 2000 and 2008.
• B) Uruguay entered a recession in 2001.
• C) Uruguay?s economy reached a peak in 2005.
• D) potential GDP decreased in 2001.

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