00:01
So while seeing the question let's further move to the answer.
00:03
So let's see here that the first one is the gdp of us gives us an overview of the us economy.
00:35
There was as a stock market crash in 1929 which lead to great depression causing the whole world to fall into the clutches of low productivity and depression in very in every sense.
02:07
The real gdp brings the inflation aspect into picture and the second point is so here is year and here is real gdp in trillions and here is growth rate so the year is 1998, 1950, 1950, 1952, 1954, 956, 1958, 1968, 1960, 1962 and 1964.
03:52
And the real gdp in brilliance is $219191190.
04:00
And the second is $2 .290 trillion and the third is $2 .575 trillion and the fourth is $2 .680 trillion.
04:26
And the fifth is $2 .932 trillion.
04:34
And the sixth is $2 .6.
04:41
$9702 trillion and the seventh is $3 .260 trillion and the 8 is $3 .344 trillion and the 9th is $3 .548 trillion and the growth rate is 4 .1 % and the second is 8 .7 % and the third is 8 .7 % and the third is 4 .1 % and the fourth is minus 0 .6%.
05:29
And the fifth is 2 .1%.
05:34
And the 6th is minus 0 .7%.
05:40
And the 7th is 2 .6%.
05:47
And 8 is 2 .6%.
05:51
And 9th is 6 .1%.
05:54
So the third point is, 1960s is said to be the time of recession in 2007 the data says the usa's growth rate was 1 .9 % and nber says that the economy was at a peak.
07:28
The data shows that the bank crisis began in december 2007 causing the economy to fall into recession.
08:11
So here is all the three points which are given in the question...