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Find the change in Real GDP per capita.

The information below describes the real GDP per capita for the country of Utopia for the period of 1975 to 1991.

  1.  
    1. If a new business cycle began in 1975, describe how long was this cycle?
    2. The peak occurred in which yr? The trough occurred in which yr?
    3. describe how long was the expansion? describe how long was the contraction?
    4. Compute change in Real GDP per Capita (Complete the table below)

Yr

Real GDP per Capita

Change in Real GDP per Capita

1975

6,000

 

1976

6,300

 

1977

6,700

 

1978

7,200

 

1979

7,850

 

1980

8,250

 

1981

8,450

 

1982

8,550

 

1983

8,575

 

1984

8,510

 

1985

8,370

 

1986

8,100

 

1987

7,950

 

1988

7,925

 

1989

7,960

 

1990

8,035

 

1991

8,155

 

 

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M916540

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