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According to the article, what is so shocking about the U.S. economy in the first quarter of 2014?
The U.S. economy dropped by 2.9% in the first quarter of 2014, the sharpest fall in the past five years. This plunge comes after a rise of 3.4% in the second half of 2013.
The decline in the gross domestic product (GDP) in the first quarter can be accounted for by a deterioration in exports and a delay in inventory investment, two major unpredictable elements of GDP.
The performance of the economy in the first quarter was considerably lower when calculated by GDP in comparison with other independently calculated measures. In other words, the downturn in the first quarter contradicts other data that show greater strength in the economy. Such data includes recent reports that job creation had perked-up in recent months.
However, better times might come soon. Promising data from the second quarter shows that the economy has improved this spring. Warmer weather has led to higher sales of new homes, which recorded a six-year high last month.
According to the article, what is so shocking about the U.S. economy in the first quarter of 2014?
Which of the following economic factors witnessed a positive change in the first quarter of 2014?
According to the article, which type of weather has proved beneficial for the sale of new homes?
The decline in the gross domestic product (GDP) in the first quarter can be accounted for by a deterioration in exports and a delay in inventory investment.
In the above sentence, what does the word decline mean?
Such data includes recent reports that job creation had perked-up in recent months.
In this sentence, what is the meaning of perk-up?
Based on the information in the article, do you think the U.S. economy will improve soon?
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