Solved

The Following Data Show Uruguay's GDP Using Purchasing Power Parity

Question 316

Multiple Choice

The following data show Uruguay's GDP using purchasing power parity in billions of dollars. 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
Using the data, we can conclude that


A) Uruguay's economy reached a peak in 2000.
B) GDP per person in Uruguay almost doubled between 2000 and 2008.
C) potential GDP in Uruguay doubled between 2000 and 2008.
D) Uruguay's economy was entered a recession in 2008.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions