Economic fluctuations and growth
The following table shows data on a hypothetical country's real GDP from 1980 through 1988:
Homework Answers
| Year | GDP | Change in GDP | % change in GDP |
| 1980 | 460 | - | - |
| 1981 | 475 | 15 | 3.26% |
| 1982 | 480 | 5 | 1.05% |
| 1983 | 490 | 10 | 2.08% |
| 1984 | 510 | 20 | 4.08% |
| 1985 | 515 | 5 | 0.98% |
| 1986 | 505 | (10) | (1.94%) |
| 1987 | 500 | (5) | (0.99%) |
| 1988 | 505 | 5 | 1% |
The economy was facing contraction in the years 1981-1982.
On the first graph contraction is shown when it is sloping downwards .
On the second graph , contraction is shown when is negative
True, economy was facing contraction in 1981.
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Please help, below i will expalin what needs to be answered thank you !!! -graph #1 •real gdp •p...
The following table shows data on a hypothetical country's real GDP from 1980 through 1988:
The following table shows data on a hypothetical country's real GDP from 1980 through 1988:YearReal GDP(Billions of Dollars)198046019814751982480198349019845101985515198650519875001988505The green line on the following graph shows the economy's long-term growth trend.Use the blue points (circle symbol) to plot the real GDP in each of the years listed. (Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.) Next, place the black point (plus symbol) on the graph to indicate the...
Please clearly label the graphs and show all the work. Thank you :) 2. Economic fluctuations...
Please clearly label
the graphs and show all the work. Thank you :)
2. Economic fluctuations and growth The following table shows data on a hypothetical country's real GDP from 1980 through 1988: Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 Real GDP (Billions of Dollars) 465 475 480 505 500 485 490 500 505 The green line on the following graph shows the economy's long-term growth trend Use the blue points (circle symbol) to plot the real...
ng.cengage.com MindTap - Cengage Learning https://limestone9.blackboard.com/webapp... CENGAGE | MINDTAP plia Homework: Introduction to Macroeconomics Back to...
ng.cengage.com MindTap - Cengage Learning https://limestone9.blackboard.com/webapp... CENGAGE | MINDTAP plia Homework: Introduction to Macroeconomics Back to Assignment Attempts: Keep the Highest: 1/4 2. Economic fluctuations and growth The following table shows data on a hypothetical country's real GDP from 1990 through 1998: Year Real GDP (Billions of Dollars) 190 1990 1991 1992 1993 1994 1995 1996 1997 1998 210 The green line on the following graph shows the economy's long-term growth trend. Use the blue points (circle symbol) to plot...
Pls help me graph rate of change in real gdp and answer thosequestionsReal GDP...
Pls help me graph rate of change in real gdp and answer those
questionsCalculate the percentage change in real GDP in each of the years shown. (Hint: The percentage change in real GDP equals the change in GDP from the previous year to the current year. For example, you can calculate the percentage change for 1981 by finding the change in GDP from 1980 to 1981, dividing this change by the level of GDP in 1980, and then multiplying the...
The following table shows data on a hypothetical country's Real GDP from 1970 through 1978: Real...
The following table shows data on a hypothetical country's Real GDP from 1970 through 1978: Real GDP Year (Billions of Dollars) 1970 192 1971 1972 1973 1974 1975 1976 1977 206 202 200 202 1978 210 ols The green line on the following graph shows the economy's long-term growth trend. ciples of Use the blue points (circle symbol) to plot the Real GDP in each of the years listed. (Note: Plot your points in the order in which you would...
Growth Rate South Korea Real GDP per capita Growth Rate Year 1970 1980 Growth Rate Canada...
Growth Rate South Korea Real GDP per capita Growth Rate Year 1970 1980 Growth Rate Canada Real GDP per capita $12,717 $16,731 Uganda Real GDP per capita $190 $1,886 $3,262 $182 $176 1990 $19,540 $23,156 $6,615 $10,80% 2000 Source: Organisation for Economic Cooperation and Development (OECD) The (decade-long) economic growth rate for Canada is shown in the second column. For example, from 1970 to 1980, Canada GDP grew from $12,717 to $16,731, an increase of Sie 512717 1711-512.717 32 Use...
The graph below shows New Zealand’s quarterly real GDP growth rate. a. Describe the pattern of...
The graph below shows New Zealand’s quarterly real GDP growth rate. a. Describe the pattern of economic growth in New Zealand, using your economic vocabulary (4 points). b. What do you think caused the pattern of growth in 2008/2009? (2 points). NEW ZEALAND GDP GROWTH RATE Percent Change in Gross Domestic Product 1.5 1.3 0.9 0.9 08 08 0s9 0.6 0.5 0.5 0.5 0.2 0.1 0.1 0.1 0.2 0.5 0.6 -06 1.1 1.2 1.5 2007 2008 2009 2010 2011
1. Economic fluctuations and growth Real GDP (Billions of dollars) 376 380 388 408 404 Year 2000 2001 2004 2005 2006 2007 2008 400 412 The grey line on the following graph shows the economy...
1. Economic fluctuations and growth Real GDP (Billions of dollars) 376 380 388 408 404 Year 2000 2001 2004 2005 2006 2007 2008 400 412 The grey line on the following graph shows the economy's long-term growth trend Use the blue points (circle symbol) to plot the real GDP in each of the years listed. Be sure to plot from ieft to right. Line segments will automatically connect the points. Next, place the green triangle on the graph to indicate...
Consider the following data for a hypothetical economy: Year Real GDP Population $5000 billion 200 million...
Consider the following data for a hypothetical economy: Year Real GDP Population $5000 billion 200 million 2 $6000 billion 250 million What is the economic growth rate for this economy for year 2? A. 119 B. 2.296 C.22% D. 1.196
GDP deflator Year Nominal GDP Population Size ($ billions (millions 2008 3,275 310 2009 3,400 312...
GDP deflator Year Nominal GDP Population Size ($ billions (millions 2008 3,275 310 2009 3,400 312 2010 3,350 314 Table L: Economic Data for a Hypothetical Economy 104 107 109 119. Consider the economic data provided for a hypothetical economy in Table L above. What is the real GDP growth rate from 2008-09 for the economy depicted in Table L? (If necessary, at each stage of calculation, round to the nearest 1/100th (0.00).) A. -3.39% B. -3.28% C. -1.47% D....
Please clearly label
the graphs and show all the work. Thank you :)
2. Economic fluctuations and growth The following table shows data on a hypothetical country's real GDP from 1980 through 1988: Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 Real GDP (Billions of Dollars) 465 475 480 505 500 485 490 500 505 The green line on the following graph shows the economy's long-term growth trend Use the blue points (circle symbol) to plot the real...
ng.cengage.com MindTap - Cengage Learning https://limestone9.blackboard.com/webapp... CENGAGE | MINDTAP plia Homework: Introduction to Macroeconomics Back to Assignment Attempts: Keep the Highest: 1/4 2. Economic fluctuations and growth The following table shows data on a hypothetical country's real GDP from 1990 through 1998: Year Real GDP (Billions of Dollars) 190 1990 1991 1992 1993 1994 1995 1996 1997 1998 210 The green line on the following graph shows the economy's long-term growth trend. Use the blue points (circle symbol) to plot...
Pls help me graph rate of change in real gdp and answer those
questionsCalculate the percentage change in real GDP in each of the years shown. (Hint: The percentage change in real GDP equals the change in GDP from the previous year to the current year. For example, you can calculate the percentage change for 1981 by finding the change in GDP from 1980 to 1981, dividing this change by the level of GDP in 1980, and then multiplying the...
The following table shows data on a hypothetical country's Real GDP from 1970 through 1978: Real GDP Year (Billions of Dollars) 1970 192 1971 1972 1973 1974 1975 1976 1977 206 202 200 202 1978 210 ols The green line on the following graph shows the economy's long-term growth trend. ciples of Use the blue points (circle symbol) to plot the Real GDP in each of the years listed. (Note: Plot your points in the order in which you would...
Growth Rate South Korea Real GDP per capita Growth Rate Year 1970 1980 Growth Rate Canada Real GDP per capita $12,717 $16,731 Uganda Real GDP per capita $190 $1,886 $3,262 $182 $176 1990 $19,540 $23,156 $6,615 $10,80% 2000 Source: Organisation for Economic Cooperation and Development (OECD) The (decade-long) economic growth rate for Canada is shown in the second column. For example, from 1970 to 1980, Canada GDP grew from $12,717 to $16,731, an increase of Sie 512717 1711-512.717 32 Use...
1. Economic fluctuations and growth Real GDP (Billions of dollars) 376 380 388 408 404 Year 2000 2001 2004 2005 2006 2007 2008 400 412 The grey line on the following graph shows the economy's long-term growth trend Use the blue points (circle symbol) to plot the real GDP in each of the years listed. Be sure to plot from ieft to right. Line segments will automatically connect the points. Next, place the green triangle on the graph to indicate...
Consider the following data for a hypothetical economy: Year Real GDP Population $5000 billion 200 million 2 $6000 billion 250 million What is the economic growth rate for this economy for year 2? A. 119 B. 2.296 C.22% D. 1.196
GDP deflator Year Nominal GDP Population Size ($ billions (millions 2008 3,275 310 2009 3,400 312 2010 3,350 314 Table L: Economic Data for a Hypothetical Economy 104 107 109 119. Consider the economic data provided for a hypothetical economy in Table L above. What is the real GDP growth rate from 2008-09 for the economy depicted in Table L? (If necessary, at each stage of calculation, round to the nearest 1/100th (0.00).) A. -3.39% B. -3.28% C. -1.47% D....
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