1. 1. Canada Years 2001 2002 GDP $2500.00 $3500.00 Real GDP 700 lamps
Is the economy expanding or receding? Expanding
How do you know? Because Real GDP increased
Is the economy experiencing inflation? No
How do you know? Because GDP and Real GDP increased together.

2. 2. Germany Years 2006 2007 GDP $2000.00 $1000.00 Real GDP 900 cars
Is the economy expanding or receding? Receding
How do you know? Because Real GDP decreased
Is the economy experiencing inflation? No
How do you know? Because GDP and Real GDP decreased together.

3. 3. Australia Years 1999 2000 GDP $500.00 $900.00 Real GDP
1700 Lt. Bulbs
1500 Lt. Bulbs
Is the economy expanding or receding? Receding
How do you know? Because Real GDP decreased
Is the economy experiencing inflation? Yes
How do you know? Because GDP increased and Real GDP decreased.

4. 4. Panama Years 2003 2004 GDP $2900.00 $2600.00 Real GDP
2100 refrigerators
1000 refrigerators
Is the economy expanding or receding? Receding
How do you know? Because Real GDP decreased
Is the economy experiencing inflation? No
How do you know? Because GDP and Real GDP decreased together.

5. 5. China Years 1995 1996 GDP $2500.00 $3000.00 Real GDP 3500 marbles
Is the economy expanding or receding? Expanding
How do you know? Because Real GDP increased
Is the economy experiencing inflation? No
How do you know? Because GDP and Real GDP increased together.

6. 6. Japan Years 1995 1996 GDP Real GDP $2500.00 $3,000,000.00
3500 marbles
4500 marbles
Is the economy expanding or receding? Expanding
How do you know? Because Real GDP increased
Is the economy experiencing inflation? Yes
How do you know? Because GDP increased so much more than Real GDP.