Determine the GDP trend in economic growth over the period of 1989 – 1999. Country/Area Year Unit Gross Domestic Product (GDP) Thailand 1989 Bahl 1,924,426,113,246 Thailand 1990 Baht 2,263,299,209,116 Thailand 1991 Baht 2,583,490,817,016 Thailand 1992 Baht 2,935,677,642,139 Thailand 1993 Baht 3,263,426,000,000 Thailand 1994 Baht 3,689,090,000,000 Thailand 1995 Baht 1,217,614,000,000 Thailand 1996 Baht 1,638,601,000,000 Thailand 1997 Baht 4,710,310,000,000 Thailand 1998 Baht 4,701,553,000,000 Thailand 1999 Baht 4,789,826,000,000 Wholesale, retail trade, restaurants Transport, Agriculture, hunting, forestry, fishing (ISIC A-B) Mining, Manufacturing, Utilities (ISIC C-E) (ISIC D) Total Manufacturing Construction and hotels (ISIC G- communication Activities Value (ISIC J-P) Added storage and Other Country/Area Year Unit (ISIC F) H) (ISIC I) Thailand 1989 Percentage 9.8 15.5 16.1 28.9 9.7 10.6 8.2 11.9 Thailand 1990 Percentage -4.7 15.1 15.6 21.9 10.9 14 13.8 11.8 Thailand 1991 Percentage 6.8 10.4 9.2 14 7.8 6 8.3 Thailand 1992 Percentage 4.5 11.2 10.3 5.6 8.2 14.9 9.4 Thailand 1993 Percentage 8.9 8.3 9 7.2 9.5 12.9 8.9 Thailand 1994 Percentage 6.7 8.6 8.3 14.3 7.3 9.3 6.8 8.1 Thailand 1995 Percentage 1.3 11 11.2 8.5 8.7 8.2 5.4 7.8 Thailand 1996 Percentage 5.3 6.6 5.9 8 2.2 9.1 5.7 5.6 Thailand 1997 Percentage -0.5 1.8 0.9 -27.8 -2.2 3.6 -5.1 -3.1 1 Thailand 1998 Percentage 0.7 -7.4 -8.3 -33.3 -9.2 -2.1 -7.2 -8.1 Thailand 1999 Percentage 4.8 8.8 9.9 -9.6 1.1 9.7 1.8 4.3
Determine the GDP trend in economic growth over the period of 1989 – 1999. Country/Area Year Unit Gross Domestic Product (GDP) Thailand 1989 Bahl 1,924,426,113,246 Thailand 1990 Baht 2,263,299,209,116 Thailand 1991 Baht 2,583,490,817,016 Thailand 1992 Baht 2,935,677,642,139 Thailand 1993 Baht 3,263,426,000,000 Thailand 1994 Baht 3,689,090,000,000 Thailand 1995 Baht 1,217,614,000,000 Thailand 1996 Baht 1,638,601,000,000 Thailand 1997 Baht 4,710,310,000,000 Thailand 1998 Baht 4,701,553,000,000 Thailand 1999 Baht 4,789,826,000,000 Wholesale, retail trade, restaurants Transport, Agriculture, hunting, forestry, fishing (ISIC A-B) Mining, Manufacturing, Utilities (ISIC C-E) (ISIC D) Total Manufacturing Construction and hotels (ISIC G- communication Activities Value (ISIC J-P) Added storage and Other Country/Area Year Unit (ISIC F) H) (ISIC I) Thailand 1989 Percentage 9.8 15.5 16.1 28.9 9.7 10.6 8.2 11.9 Thailand 1990 Percentage -4.7 15.1 15.6 21.9 10.9 14 13.8 11.8 Thailand 1991 Percentage 6.8 10.4 9.2 14 7.8 6 8.3 Thailand 1992 Percentage 4.5 11.2 10.3 5.6 8.2 14.9 9.4 Thailand 1993 Percentage 8.9 8.3 9 7.2 9.5 12.9 8.9 Thailand 1994 Percentage 6.7 8.6 8.3 14.3 7.3 9.3 6.8 8.1 Thailand 1995 Percentage 1.3 11 11.2 8.5 8.7 8.2 5.4 7.8 Thailand 1996 Percentage 5.3 6.6 5.9 8 2.2 9.1 5.7 5.6 Thailand 1997 Percentage -0.5 1.8 0.9 -27.8 -2.2 3.6 -5.1 -3.1 1 Thailand 1998 Percentage 0.7 -7.4 -8.3 -33.3 -9.2 -2.1 -7.2 -8.1 Thailand 1999 Percentage 4.8 8.8 9.9 -9.6 1.1 9.7 1.8 4.3
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
100%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education