Using the data in the table, integrate the expected relationship of the behavior of inflation with the phases of the economic cycle. You should use the different levels of inflation rate with economic growth and construct graphs to present your analysis arguments. Growth in the gross product%FiscalInflationParticipation UnemploymentAt constantCIPAt streamyearsraterateratepricesprices200185.12.745.410.56.31.5200284.3-1.045.812.02.3-0.3200385.81.946.612.15.32.1200486.60.946.511.46.92.7200590.24.147.010.65.91.9200696.16.648.611.05.50.52007100.24.248.610.64.8-1.22008104.74.546.611.23.6-2.92009107.62.845.513.71.5-3.82010109.82.044.116.31.1-3.62011111.81.842.816.22.2-1.72012114.72.641.715.23.60.52013115.70.940.914.01.3-0.12014116.80.940.314.4-0.2-1.82015116.4-0.339.612.81.2-0.82016116.2-0.240.011.80.6-1.62017r116.90.640.111.5-1.3-3.22018r118.81.640.110.3-1.8-4.32019p119.40.540.68.54.41.5

The term economic cycle can be defined as the differences of the economy between seasons of…

Answered: Using the data in the table, integrate…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Using the data in the table, integrate the expected relationship of the behavior of inflation with the phases of the economic cycle. You should use the different levels of inflation rate with economic growth and construct graphs to present your analysis arguments.

Growth in the gross product%
Fiscal
Inflation
Participation Unemployment
At constant
CIP
At stream
years
rate
rate
rate
prices
prices
2001
85.1
2.7
45.4
10.5
6.3
1.5
2002
84.3
-1.0
45.8
12.0
2.3
-0.3
2003
85.8
1.9
46.6
12.1
5.3
2.1
2004
86.6
0.9
46.5
11.4
6.9
2.7
2005
90.2
4.1
47.0
10.6
5.9
1.9
2006
96.1
6.6
48.6
11.0
5.5
0.5
2007
100.2
4.2
48.6
10.6
4.8
-1.2
2008
104.7
4.5
46.6
11.2
3.6
-2.9
2009
107.6
2.8
45.5
13.7
1.5
-3.8
2010
109.8
2.0
44.1
16.3
1.1
-3.6
2011
111.8
1.8
42.8
16.2
2.2
-1.7
2012
114.7
2.6
41.7
15.2
3.6
0.5
2013
115.7
0.9
40.9
14.0
1.3
-0.1
2014
116.8
0.9
40.3
14.4
-0.2
-1.8
2015
116.4
-0.3
39.6
12.8
1.2
-0.8
2016
116.2
-0.2
40.0
11.8
0.6
-1.6
2017r
116.9
0.6
40.1
11.5
-1.3
-3.2
2018r
118.8
1.6
40.1
10.3
-1.8
-4.3
2019p
119.4
0.5
40.6
8.5
4.4
1.5

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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