The real GDP per capita for a country for the period from 2006 through to 2022 is presented in the table.

Year	Real GDP per Capita	Year	Real GDP per Capita
2006	9,000	2015	11,510
2007	9,300	2016	11,370
2008	9,700	2017	11,100
2009	10,200	2018	10,950
2010	10,850	2019	10,925
2011	11,250	2020	10,960
2012	11,450	2021	11,035
2013	11,550	2022	11,155
2014	11,575

• If a new business cycle began in 2006, how long was this cycle?
• In which year did the peak occur? The trough occurred in which year?
• How long was the expansion? How long was the recession?

Answer rating: 100% (QA)

Business Cycle Analysis 20062022 Based on the provided information about real GDP per capita in the ... View the full answer