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2. Economic fluctuations and growth The following table shows data on a hypothetical countrys 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 economys long-term growth trendUse 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 point on the real GDP curve that definitely represents a peak. Finally, place the grey point (star symbol) on the graph to indicate the point on the real GDP curve that definitely represents a trough 550 540 Real GDP 530 520 Peak t< Trough 510 500 0. h trend 480 470 460 450 1980 1981 19821983 19841985 1986 1987 1988 YEARCalculate 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 result by 100%.) Once youve calculated the percentage change for each of the years, use the orange points (square symbol) to plot your results on the following graph, rounded to the nearest percent. For each year, plot the percentage change from the year before. (Hint: For example, you should plot the growth rate from 1980 to 1981 with a horizontal coordinate of 1981.)4 Annual Change CD -1 O -2 2 3 -5 1981 1982 1983 1984 1985 1986 1987 1988 YEARThis economy experienced a contraction in the years which the level of real GDP seen as a period in which the growth rate of real GL .On the first graph (showing real GDP), this contraction is seen as a period in On the second graph (showing annual change in real GDP), this contraction is 1981-1983 1984-1985 True or False: This economy was experiencing an ex 81 1987-1988 True 1980-1981 FalseThis economy experienced a contraction in the years which the level of real GDP seen as a period in which th ▼ . On the first graph (showing real GDP), this contraction is seen as a period in . On the second graph (showing annual change in real GDP), this contraction is is below the long-term trend line True or False: Thi s economy is negative 1981. True decreases (slopes downward) FalseThis economy experienced a contraction in the years which the level of real GDP seen as a period in which the growth rate of real GDP . On the first graph (showing real GDP), this contraction is seen as a period in On the second graph (showing annual change in real GDP), this contraction is ー (slopes upward) True or False: This economy was experiencing an expa was experiencing an expa increases ( is positive decreases (slopes downward) is negative True FalsePlease clearly label the graphs and show all the work. Thank you :)

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Answer #1

GS0 SYo S30 0 to Real GDP SlD Sto 490 to 48D S1 82 33 S 8S 86 87 88 89 9o YearReal GDP/% 198D (981 1982 1983 e D in Real GDP 16 S 2.15 yso-475 x100 y 80 SOS 나&D 19 8Y 500-50도 ×too SOS (98S 986 Y8S 0 SOo Sos 3 . 03 2.09 l987 9 88 e Real Suppoe /8 GDP DP D P M 198D

inn 3 2 0 1981 82 838 85868188 Jhe econo yea 81-148 expeienced a contractm n tlue- my the lonel #6 Read GDP decrease亼(Slepes denonvoand am Contractiom oceus uan the Raal GDP on tte second araph, ^biu conthaotion e DP is negatve . L Aecreasing qpp impkes igatve qrowth nate and リ econony s expe uendva an expancien . Expansin uan esone mplie mová jrem a tavugh to a eak . from v1981, 치ua tual GDP had been gas to xach a peak ir 1983 from a Thus, thu statcmect s TRUE

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Answer #2

dedddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd

source: 9a+3b=30
answered by: CB1908
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