Macroeconomics, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (7th Edition)
7th Edition
ISBN: 9780134472669
Author: Blanchard
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 5QAP
a.
To determine
The number of recession the US economy has undergone since 1960, quarter 2.
b.
To determine
The number of quarters each recession lasted.
c.
To determine
In terms of length and magnitude, two recessions have been the most severe.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Use a time series chart to display the data shown in the table. The table represents the percentages of the gross domestic product (GDP) of a country that comes from the manufacturing sector.
Click the icon to view the gross domestic product data.
Construct a time-series graph with the year on the horizontal axis and the percentage on the vertical axis.
O A.
15
In
10++
2000
2012
Q
Q
M
GDP Percentage Data
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Print
Percent
13.4%
13.4%
13.1%
12.7%
12.8%
12.7%
12.4%
12.0%
12.1%
12.0%
12.2%
12.3%
Done
O D.
15-
PRILL
W
10+
2000
2012
Calculate the growth rate of Nominal GDP between 2012 and 2013 (up to two places after decimal, no % sign)
Year
2011
2012
2013
Typed numeric answer will be automatically saved
Nominal GDP
$13,399
14,078
14,441
Real GDP
$12,976
13,254
13,312
India’s GDP per capita increased from $310 in 1991 to $1,489 in 2012.
(i) Calculate the average annual rate of growth of the Indian economy during this period using the arithmetic average.
(ii) Calculate the geometric average annual growth rate of India during this period. Explain why the number you find in (ii) differs from the result obtained in (i).
Chapter 1 Solutions
Macroeconomics, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (7th Edition)
Knowledge Booster
Similar questions
- Forecast the average number of viewers during the 2009 season using a three-period weighted moving average with weights 3, 2, and 1, applying 3 to the most recent data and 1 to the oldest data.arrow_forwardThe following table lists the number of daily visitors to the Web site of a new business during its first year. Month Number Month Number 1 2 3 4 5 6 5,400 5,372 5,265 5,250 5,289 5,350 7 8 9 10 11 12 5,600 5,520 5,280 5,400 5,448 5,500 a. Graph the data with a time-series plot using a vertical scale from 5,000 to 5,700.b. Graph the data with a time-series plot using a vertical scale from 4,000 to 7,000. c. Comment on the difference between these two time-series plots.arrow_forwardPlease provide a trend analysis for the GDP in Jamaica for the last 5 years and provide primary reasons for growth or decline. Please include stats to back up information providedarrow_forward
- The Wall Street Journal’s website, www.wsj.com, reported the number of cars and light-duty trucks sold through October of 2014 and October of 2015. The top sixteen manufacturers are listed here. The sales information for all manufacturers can be accessed in a data file below. Sales data are often reported in this way to compare current sales to last year’s sales. Year-to-Date Sales Manufacturer Through October 2015 Through October 2014 General Motors Corp. 2,562,840 2,434,707 Ford Motor Company 2,178,587 2,065,612 Toyota Motor Sales USA Inc. 2,071,446 1,975,368 Chrysler 1,814,268 1,687,313 American Honda Motor Co Inc. 1,320,217 1,281,777 Nissan North America Inc. 1,238,535 1,166,389 Hyundai Motor America 638,195 607,539 Kia Motors America Inc. 526,024 489,711 Subaru of America Inc. 480,331 418,497 Volkswagen of America Inc. 294,602 301,187 Mercedes-Benz 301,915 281,728 BMW of North America Inc.…arrow_forwardJamaica France Economic Growth Unemployment Rate Economic Growth Unemployment Rate 1.38 13.19 1.1 10.04 1 11.63 2.29 9.41 1.89 9.1 1.79 9.02 0.89 7.72 1.51 8.44 -10.20 8.4 -8.11 8.62 Plot a line graph for the table above which will be presented on one chart for two different countriesarrow_forwardYou are given the actual sales volume for iPod, what used to be one of Apple’s popular electronic products. The data covers 12 years of sales data, from 2002 until 2014. Your task is to create a product life cycle graph for the iPod as shown on page 295 of the textbook. The product lifecycle is also available in the lecture slides for Chapter 9. Your life cycle graph should clearly identify the introduction, growth, maturity and declining stages for the iPod. You should show the unit sales in the vertical axis and the calendar years (i.e., time) in the horizontal axis. Once you create the product life cycle graph, answer the following questions: Finally, explain why the iPod declined. You can use online sources to answer this questions. Again your answer should not be more that one paragraph of three to five sentences.arrow_forward
- The population censuses for your city is between 1990 to 2015 are given in the excel sheet given. Estimate the future populations for 2025, and 2050 years by using the following methods and finally compare the results by plotting a graph in excel . Arithmetic, Uniform Percentage, Logistic, Declining Growtharrow_forwardReal-Time Data Analysis Exercise* Consider the following data for the United States: Date 2018 2019 2020 Nominal GDP (billions of dollars per year) 20,657 21,521 21,323 Price Index (base year 2010) 105.40 20,194 107.29 20,692 108.69 20,234 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Assuming the base year is now 2020, complete the following (enter your responses rounded to one decimal place): a. Recalculate the price index for years 2018, 2019 and 2020. b. Recalculate the real GDP for the years 2018, 2019, 2020. Year 2018 2019 2020 Real GDP (billions of dollars per year, in constant 2009 dollars) Price Index (base year 2020) Real GDP (billions of dollars per year, in constant 2020 dollars)arrow_forward3arrow_forward
- Use the slope from part (i) and the number of millions of women in theworkforce in 1950 to write the equation of the line.arrow_forwardThe following table presents historical unemployment and inflation data in the United States for the years 1974 through 1978. Unemployment Rate Inflation Rate Year (Percent) (Percent) 1974 5.6 11.0 1975 8.5 9.1 1976 7.7 5.8 1977 7.1 6.5 1978 6.1 7.6 Plot the data for these five years on the following graph. Note: You will not be graded on how you plot the points, but plotting the points accurately on the graph will help you examine the relationship between unemployment and inflation during this period and solve the problems that follow. INFLATION RATE (Percent) 6 5 13 12 Data Points 11 10 9 4 2 3 4 5 6 7 B 9 10 11 UNEMPLOYMENT RATE (Percent) Which of the following statements most accurately describes the relationship between inflation and unemployment in the United States during this time period? The short-run Phillips curve remained stable. The short-run Phillips curve shifted to the left after actual inflation was lower than expected. The short-run Phillips curve shifted to the right…arrow_forwardThe following table shows selected data on unemployment and inflation in the United States between 1961 and 1965. Unemployment Rate Inflation Rate Year (Percent) (Percent) 1961 6.7 1.0 1962 5.5 1.0 1963 5.7 1.3 1964 5.2 1.3 1965 4.5 1.6 Plot the data for these five years on the following graph. Note: You will not be graded on how you plot the points, but plotting the points accurately on the graph will help you examine the relationship between unemployment and inflation during this period and solve the problems that follow. 4.5 4.0 Data Points 3.5 3.0 2.5 2.0 1.5 1.0 0.5 1 3 4 6 7 8 UNEMPLOYMENT RATE (Percent) INFLATION RATE (Percent)arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Managerial Economics: Applications, Strategies an...EconomicsISBN:9781305506381Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. HarrisPublisher:Cengage Learning
Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning