FRED-Real gross domestic product per capita Chained 2017 Dollars 70,000 60,000 50,000 40,000 30,000 20,000 10,000 1950 1955 Shaded areas indicate U.S. recessions 1960 1960 Real GDP Per Capita Q1 1965: 22,547 1965 1970 1975 1980 1985 1990 Source: U.S. Bureau of Economic Analysis 1995 2000 2005 2010 2015 2020 fred.stlouisfed.org C
FRED-Real gross domestic product per capita Chained 2017 Dollars 70,000 60,000 50,000 40,000 30,000 20,000 10,000 1950 1955 Shaded areas indicate U.S. recessions 1960 1960 Real GDP Per Capita Q1 1965: 22,547 1965 1970 1975 1980 1985 1990 Source: U.S. Bureau of Economic Analysis 1995 2000 2005 2010 2015 2020 fred.stlouisfed.org C
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
In detail, explain what is going on in the graph

Transcribed Image Text:FRED - Real gross domestic product per capita
70,000
Chained 2017 Dollars
60,000
50,000
40,000
30,000
20,000
10,000
1950
1950
1955
Shaded areas indicate U.S. recessions.
1960
Real GDP Per Capita
Q1 1965: 22,547
1965
1970
1020
1975
1980
1985
1990
Source: U.S. Bureau of Economic Analysis
1995
2000
2005
2010
2015
2020
fred.stlouisfed.org
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