10.5 Linear trend (y) 10.0 Log of GDP per capita 9.5 y = 0.0214x + 8.7782 R? = 0.9889 9.0 8.5 Year This shows log GDP per capita for the UK. Which of the following statements are correct? Select one or more: O a. The graph shows that in 1950 UK GDP per capita was about £8.75. Ob. The trend growth rate over the period was 0.9889% per annum. O c. When actual output is below trend output the economy is in recession. O d. The trend growth rate over the period was 2.14 % per annum. Log of GDP per capita 1950- 1955- 096 1965- 1970- 1975 - 을 1980- 1985 - 2010 -

MATLAB: An Introduction with Applications
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10.5
Linear trend (y)
10.0
Log of GDP per capita
9.5
y = 0.0214x +8.7782
R? = 0.9889
9.0
8.5
Year
This shows log GDP per capita for the UK. Which of the following statements are correct?
Select one or more:
a. The graph shows that in 1950 UK GDP per capita was about £8.75.
b.
The trend growth rate over the period was 0.9889% per annum.
C.
When actual output is below trend output the economy is in recession.
O d. The trend growth rate over the period was 2.14 % per annum.
Log of GDP per capita
1950
1955-
0961
1965-
1970-
1975-
1980-
1985-
1995-
000-
2005 -
2010 -
Transcribed Image Text:10.5 Linear trend (y) 10.0 Log of GDP per capita 9.5 y = 0.0214x +8.7782 R? = 0.9889 9.0 8.5 Year This shows log GDP per capita for the UK. Which of the following statements are correct? Select one or more: a. The graph shows that in 1950 UK GDP per capita was about £8.75. b. The trend growth rate over the period was 0.9889% per annum. C. When actual output is below trend output the economy is in recession. O d. The trend growth rate over the period was 2.14 % per annum. Log of GDP per capita 1950 1955- 0961 1965- 1970- 1975- 1980- 1985- 1995- 000- 2005 - 2010 -
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