The information below describes the real GDP per capita for the country of Bedro
ID: 1237518 • Letter: T
Question
The information below describes the real GDP per capita for the country of Bedrock for the period of 1975 to 1991.a. If a new business cycle began in 1975, how long was this cycle?
b. The peak occurred in which year? The trough occurred in which year?
c. How long was the expansion? How long was the contraction?
Year Real GDP per Capita
1975 6,000
1976 6,300
1977 6,700
1978 7,200
1979 7,850
1980 8,250
1981 8,450
1982 8,550
1983 8,575
1984 8,510
1985 8,370
1986 8,100
1987 7,950
1988 7,925
1989 7,960
1990 8,035
1991 8,155
Explanation / Answer
5 yrs
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