Describe what RGDP does between 2019 and 2021.  What was the highest value in 2019 (peak) and what was the lowest value (trough) and when?  How much did RGDP fall between these two points in time?  How long did it take the economy to return to the peak value in 2019

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
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  • Describe what RGDP does between 2019 and 2021. 
  • What was the highest value in 2019 (peak) and what was the lowest value (trough) and when?  How much did RGDP fall between these two points in time? 
  • How long did it take the economy to return to the peak value in 2019?

 

Observation:
Units:
Frequency:
1Y I 5Y | 10Y| Max
2021-10-01
EDIT GRAPH
Billions of Chained 2012 Dollars,
Seasonally Adjusted Annual Rate
Q4 2021: 19,805.962 (+ more)
Quarterly
2019-01-01
to
Updated: Jan 27, 2022
FRED – Real Gross Domestic Product
20,000
19,600
19,200
18,800
18,400
18.000
17,600
17,200
Q2 2019
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
1950
1960
1970
Shaded areas indicate U.S. recessions.
Source: U.S. Bureau of Economic Analysis
fred.stlouisfed.org
Billions of Chained 2012 Dollars
Transcribed Image Text:Observation: Units: Frequency: 1Y I 5Y | 10Y| Max 2021-10-01 EDIT GRAPH Billions of Chained 2012 Dollars, Seasonally Adjusted Annual Rate Q4 2021: 19,805.962 (+ more) Quarterly 2019-01-01 to Updated: Jan 27, 2022 FRED – Real Gross Domestic Product 20,000 19,600 19,200 18,800 18,400 18.000 17,600 17,200 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 1950 1960 1970 Shaded areas indicate U.S. recessions. Source: U.S. Bureau of Economic Analysis fred.stlouisfed.org Billions of Chained 2012 Dollars
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