This 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. b. The trend growth rate over the period was 0.9889% per annum.

This 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. b. The trend growth rate over the period was 0.9889% per annum.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

This shows log GDP per capita for the UK. Which of the following statements are correct?

Select one or more:

The graph shows that in 1950 UK GDP per capita was about £8.75.

The trend growth rate over the period was 0.9889% per annum.

When actual output is below trend output the economy is in recession.

The trend growth rate over the period was 2.14 % per annum.

10.5
Linear trend (y)
10.0
Log of GDP per capita
9.5
y = 0.0214x + 8.7782
R? = 0.9889
9.0
8.5
Year
Log of GDP per capita
1950
1955 -
- 096.
1965 -
1970
1975 -
1980
1985 -
-069-
1995 -
0007
2005
2010 -

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