The Following Data Give the Dates of Successive Turning Points

question 49

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 turning points are peaks?

• A) (A), (B), and (C)
• B) (C), (D), and (E)
• C) (A), (C), and (E)
• D) (B) and (D)

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Definitions:

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