The following table gives real GDP for a small economy going through a business cycle. Real GDP (2009 Dollars) Year 2010 100 2011 104 2012 103 2013 106 2014 109 2015 112 2016 111 2017 110 Which years are peaks?
The following table gives real GDP for a small economy going through a business cycle. Real GDP (2009 Dollars) Year 2010 100 2011 104 2012 103 2013 106 2014 109 2015 112 2016 111 2017 110 Which years are peaks?
Chapter1: Making Economics Decisions
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![The following table gives real GDP for a small economy going through a business cycle.
Real GDP
(2009
Dollars)
Year
2010
100
2011
104
2012
103
2013
106
2014
109
2015
112
2016
111
2017
110
Which years are peaks?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbad16f7f-ad2f-48d3-9d26-f6ec00b57658%2F45e64fd2-39c2-4e30-bcca-0ba66a54de22%2Ffgruass_processed.png&w=3840&q=75)
Transcribed Image Text:The following table gives real GDP for a small economy going through a business cycle.
Real GDP
(2009
Dollars)
Year
2010
100
2011
104
2012
103
2013
106
2014
109
2015
112
2016
111
2017
110
Which years are peaks?
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