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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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