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Why is real gdp more than gdp in 2001

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Reference no: EM132264142

Year GDP Real GDP

1997 $14,452 $15,626

1998 $14,713 $15,605

1999 $14,449 $15,209

2000 $14,992 $15,599

2001 $15,543 $15,841

2002 $16,197 $16,197

Why is real GDP more than GDP in 2001 but the same as GDP in 2002?

Based on this data, when was the U.S. economy in a recession? Justify your answer.

Based on this data, when did the recession end?

Reference no: EM132264142

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