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The Following Data Give the Dates of Successive Turning Points

Question 8

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 Paint  Date  Real GDP (1996 $ billims)   (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 | } \hline \text { Turning Paint } & \text { Date } & \text { Real GDP (1996 \$ billims) } \\\hline \text { (A) } & \text { July } 1953 & 1992.2 \\\hline \text { (B) } & \text { May } 1954 & 1941.0 \\\hline \text { (C) } & \text { Apr. } 1957 & 2182.7 \\\hline \text { (D) } & \text { Apr. } 1958 & 2117.4 \\\hline \text { (E) } & \text { Apr. } 1960 & 2391.0 \\\hline\end{array}  
The economy experienced an expansion that lasted from:


A) July 1953 to May 1954.
B) May 1954 to April 1957.
C) July 1953 to April 1957.
D) May 1954 to April 1958.

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