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The Following Data Give the Dates of Successive Turning Points

question 95

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.  Turning Point  Date  Real GDP  (1996 $ billions)   (A)   July 19531992.2 (B)   May 19541941.0 (C)   Apr. 19572182.7 (D)   Apr. 19582117.4 (E)   Apr. 19602391.0\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 a recession?

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