In detail, can you explain what is happening in the graph? Two paragraphs. imationsCalibriSlide Show Review View HelpELLEBillions of Chained 2017 Dollars28 A15 54Real GDP20,000FRED Real Gross Domestic Product24,00016,00012,0008,000A BIUA E E EShapes✓ Shapes Find&4,000019501950LE31955Shaded areas indicate U.S. recessions.196019601965LTZTEI1970H Q Search. Click to add text1975019801985V1990Source: U.S. Bureau of Economic AnalysisDictate1995Add-ins ✓200013EFTER1211CFERE✪Designer2005**1420102015I 52020fred.stlouisfed.orgCGive Feedback to Microsoft Notes

The GDP is an indicator of a nation's economic production during a given time frame, often one year.…

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Economics

In detail, can you explain what is happening in the graph? Two paragraphs.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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In detail, can you explain what is happening in the graph? Two paragraphs.

imations
Calibri
Slide Show Review View Help
ELLE
Billions of Chained 2017 Dollars
28 A
15 54
Real GDP
20,000
FRED Real Gross Domestic Product
24,000
16,000
12,000
8,000
A BIUA E E EShapes
✓ Shapes Find
&
4,000
0
1950
1950
LE3
1955
Shaded areas indicate U.S. recessions.
1960
1960
1965
LTZTEI
1970
H Q Search
. Click to add text
1975
0
1980
1985
V
1990
Source: U.S. Bureau of Economic Analysis
Dictate
1995
Add-ins ✓
2000
13
EFTER1211CFERE
✪
Designer
2005
**14
2010
2015
I 5
2020
fred.stlouisfed.org
C
Give Feedback to Microsoft Notes

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