10.5Linear trend (y)10.0Log of GDP per capita95y = 0.0214x+ 8.7782R = 0.98899.08.5YearThis shows log GDP per capita for the UK Which of the following statements are correct?Select one or more:a. The graph shows that in 1950 UK GDP per capita was about £8.75.Ob.The trend growth rate over the period was 0.9889% per annum.When actual output is below trend output the economy is in recession.U d. The trend growth rate over the period was 2.14 % per annum.Log of GDP per capita19501955--0961995--000,2005

This shows log GDP per capita for the UK. Which of the following statements are correct? Select one or more: U a. The graph shows that in 1950 UK GDP per capita was about £8.75. b. The trend growth rate over the period was 0.9889% per annum. O c. When actual output is below trend output the economy is in recession. U d. The trend growth rate over the period was 2.14 % per annum.

This shows log GDP per capita for the UK. Which of the following statements are correct? Select one or more: U a. The graph shows that in 1950 UK GDP per capita was about £8.75. b. The trend growth rate over the period was 0.9889% per annum. O c. When actual output is below trend output the economy is in recession. U d. The trend growth rate over the period was 2.14 % per annum.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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