Question

The Great Depression was the worst economic disaster in U.S. history in terms of declines in real GDP and increases in the unemployment rate. Use the data in the following table to calculate the percentage decline in real GDP between 1929 and 1933 : $$\begin{array}{|c|c|c|c|c|}\hline {\text { Year }} & {\text { Nominal GDP (billions of dollars)}} & {\text { GDP Price Deflator $(2009=100)$}} \\ \hline \text { 1929 } & {\$ 104.6} & {9.9} \\ \hline \text { 1933} & {57.2} & {7.3} \\ \hline\end{array}$$

          The Great Depression was the worst economic disaster in U.S. history in terms of declines in real GDP and increases in the unemployment rate. Use the data in the following table to calculate the percentage decline in real GDP between 1929 and 1933 : 
$$\begin{array}{|c|c|c|c|c|}\hline {\text { Year }} & {\text { Nominal GDP (billions of dollars)}} & {\text { GDP Price Deflator $(2009=100)$}} \\ \hline \text { 1929 } & {\$ 104.6} & {9.9} \\ \hline \text { 1933} & {57.2} & {7.3}  \\ \hline\end{array}$$

Added by Chad A.

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