The Following Data Give the Dates of Successive Turning Points

question 44

Multiple Choice

The following data give the dates of successive turning points in U.S. economic activity and the corresponding levels of real GDP at the time. $$\begin{array} { c c c } \text { Turning Point } & \text { Date } & \begin{array} { c } \text { Real GDP } \\\text { (1996 \$ billions) }\end{array} \\\text { (A) } & \text { July } 1953 & 1992.2 \\\text { (B) } & \text { May } 1954 & 1941.0 \\\text { (C) } & \text { Apr. } 1957 & 2182.7 \\\text { (D) } & \text { Apr. } 1958 & 2117.4 \\\text { (E) } & \text { Apr. } 1960 & 2391.0\end{array}$$ Which of the following periods was an expansion?

• A) July 1953 through May 1954
• B) May 1954 through April 1957
• C) July 1953 through April 1957
• D) May 1954 through April 1958

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Definitions:

Mohenjo-daro

An archaeological site in the province of Sindh, Pakistan, representing one of the largest settlements of the ancient Indus Valley Civilization.

Kanishka

An emperor of the Kushan dynasty, renowned for his military, political, and spiritual achievements, and known for his patronage of Buddhism.

Hellenistic

Refers to the period and culture of the Mediterranean world and Near East from the death of Alexander the Great in 323 BC to the Roman conquest of Egypt in 30 BC, noted for the spread of Greek culture and influence.

Kushan Dynasty

An empire in ancient Asia, established by the Kushans, that played a crucial role in cultural exchanges between the East and West, particularly in spreading Buddhism.