Year         Real GDP per Capita                         1985                 6,000                         1986                 6,300                         1987                 6,700                         1988                 7,200                         1989                 7,850                         1990                 8,250                         1991                 8,450                         1992                 8,550                         1993                 8,575                         1994                 8,510                         1995                 8,370                         1996                 8,100                         1997                 7,950                         1998                 7,925                         1999                 7,960                         2000                 8,035                         2001                 8,155   The information above describes the real GDP per capita for a country for the period from 1985 through to 2001.   I.           If a new business cycle began in 1985, how long was this cycle? II.          In which year did the peak occur?  The trough occurred in which year? III.         How long was the expansion?  How long was the recession?

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Year         Real GDP per Capita
                        1985                 6,000
                        1986                 6,300
                        1987                 6,700
                        1988                 7,200
                        1989                 7,850
                        1990                 8,250
                        1991                 8,450
                        1992                 8,550
                        1993                 8,575
                        1994                 8,510
                        1995                 8,370
                        1996                 8,100
                        1997                 7,950
                        1998                 7,925
                        1999                 7,960
                        2000                 8,035
                        2001                 8,155
 
The information above describes the real GDP per capita for a country for the period from 1985 through to 2001.
 
I.           If a new business cycle began in 1985, how long was this cycle?
II.          In which year did the peak occur?  The trough occurred in which year?
III.         How long was the expansion?  How long was the recession?

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