Compared to the Severe Recession of 1981-1982, the Growth of Real

question 94

Multiple Choice

Compared to the severe recession of 1981-1982, the growth of real GDP during the first two years of recovery from the 2008-2009 recession was

• A)much more rapid and the unemployment rate fell by a smaller amount after the more recent recession.
• B)slower and the unemployment rate fell by a smaller amount after the more recent recession.
• C)more rapid but the unemployment rate fell by a smaller amount after the more recent recession.
• D)similar and the decline in the rate of unemployment was almost identical during the recovery from each of these recessions.

---

Definitions:

Parameter

A numerical characteristic or measure of a population, such as its mean or variance, which is often estimated using sample data.

Population

The entire aggregation of items or individuals from which samples can be drawn for statistical analysis.

Degrees of Freedom

The number of independent pieces of information available to estimate another piece of information or the parameter of a distribution.

Paired Differences

Refers to the differences between paired observations in a sample, often used in statistical tests to analyze changes or effects in repeated measurements.