Refer to the figure below: CHANGE FROM PRIOR QUARTER (percent) +16 +12 +8 O 12 Consumption Investment -16 -20 -24 1 2 3 4 1 2 3 4 1 2000 2001 Investment is more volatile than consumption. 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 2002 2003 2004 2005 2006 2007 2008 CALENDAR QUARTER What was the range, in absolute value of percentage change, of the variation in quarterly growth rates between 2005 and 2008 of Instructions: Enter your responses as a percent rounded to the nearest whole number. (a) Consumer spending? 1 percent to 4 percent 3 percent to 7 percent 5 percent to 9 percent (b) Investment spending? 1 percent to 22 percent 3 percent to 30 percent 5 percent to 37 percent
Refer to the figure below: CHANGE FROM PRIOR QUARTER (percent) +16 +12 +8 O 12 Consumption Investment -16 -20 -24 1 2 3 4 1 2 3 4 1 2000 2001 Investment is more volatile than consumption. 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 2002 2003 2004 2005 2006 2007 2008 CALENDAR QUARTER What was the range, in absolute value of percentage change, of the variation in quarterly growth rates between 2005 and 2008 of Instructions: Enter your responses as a percent rounded to the nearest whole number. (a) Consumer spending? 1 percent to 4 percent 3 percent to 7 percent 5 percent to 9 percent (b) Investment spending? 1 percent to 22 percent 3 percent to 30 percent 5 percent to 37 percent
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Refer to the figure below:
CHANGE FROM PRIOR QUARTER (percent)
+16
+12
+8
+4
Consumption
°
-4
-8
יוון
וון
-12
-16
Investment
-20
-24
Investment is more
volatile than consumption.
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
2000
2001
2002
2003 2004
2005
CALENDAR QUARTER
2006
2007
2008
What was the range, in absolute value of percentage change, of the variation in quarterly growth rates between 2005 and 2008 of
Instructions: Enter your responses as a percent rounded to the nearest whole number.
(a) Consumer spending?
1 percent to 4 percent
3 percent to 7 percent
5 percent to 9 percent
(b) Investment spending?
1 percent to 22 percent
3 percent to 30 percent
5 percent to 37 percent
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