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

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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In detail, can you explain what is happening in the graph? Two paragraphs.
imations
Calibri
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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
Transcribed Image Text: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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