The real GDP per capita for a country for the period from 2006 through to 2022 is
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Question:
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?
Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
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