Change in real gdp per capita

Assignment Help Macroeconomics
Reference no: EM1311509

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, how long was this cycle?
  2. The peak occurred in which year? The trough occurred in which year?
  3. How long was the expansion? How long was the contraction?
  4. Calculate change in Real GDP per Capita (Complete the table below)

Year

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

 

Reference no: EM1311509

Questions Cloud

Computation of beta of the firm and market portfolio : Computation of beta of the firm and market portfolio and how does this compare with the stock's actual expected return
Purpose a production budget for the second quarter : Purpose a production budget for the second quarter; in your budget, show the number of units to be produced each month and for the quarter in total.
Simple linear regression : The results of the simple linear regression are provided below.
Purpose a schedule of expected cash collections : Purpose a schedule of expected cash collections from sales, by month and in total, for the second quarter
Change in real gdp per capita : The information below explains the real GDP per capita for the country of Utopia for the period of 1975 to 1991.
What is the skier''s launch speed : While on vacation you rent a moped and go cruising around a tropical island. If you take a 10.0° banked curve with a radius of 15.0 meters at 12.0 m/s, what is the minimum coefficient of static friction between your tires and road to keep the tires f..
Evaluate the net operating income for the month : Evaluate the net operating income for the month under variable costing and evaluate the net operating income for the month under absorption costing?
Draw all the forces on the pilot : Two long, parallel conductors carry currents I1 = 3.10 A and I2 = 5.10 A, both directed into the plane of the computer screen. Find out the magnitude and direction of the resultant magnetic field at a point midway between the wires. (b) Find out the ..
The relativistic time dilation formula : Apply those results to get how much slower a clock goes near the earth than one, which is higher up.

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Profit maximizing level of labor

The supply curve for labor is S L = 100W, where W is the market wage. The marginal revenue product curve for the firm is D L = -50W + 450.

  Economic statements related to market structure and pricing

True/False: For each of the following concepts, decide whether it's true or false, and briefly explain why (2-3 sentences).  You can also use diagrams if they are helpful. Each correct answer is worth.

  Determining isocost graph

Suppose you are reviewing an isocost graph. The axis on the graph shows capital units on the vertical axis, and labor units on the horizontal axis.

  Macroeconomists position on trade deficits

The public tends to view trade deficits with alarm while macoreconomics claims that trade deficits can actually be usefull for the economy. Discuss the macroeconomists position on trade defilicts

  Change in price and total expenditure

Discuss how a change in price affects total expenditure by filling in each cell with resulting change in total expenditure.

  Difference between nominal interest and real interest rate

Would you rather earn a 4 % nomical or 4% real interest rate? Illustrate by describing the difference between nominal and real variables.

  Finding out the equilibrium price and quantity

"If every employer hired its best qualified applicants for a job at every opportunity, the phenomenon of black poverty (as distinct from poverty) could be wiped out in ten years." Do you agree/disagree? Comment.

  Airline market-price discrimination

Evaluate: "The fact that some airplanes collide is evidence there is 'too little air traffic control'." (Be sure to explain what too little might mean.)

  What is opportunity cost

What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic?  Explain law of demand with the help of a demand schedule and demand curve.

  Question on macroeconomics

Draw a correctly labeled loanable funds graph that shows what happens to real interest rates.

  Describe unemployment and the unemployment rate

Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"

  Prepare a project summary

Overview of the project's objectives and scope

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd