FREE Trial

According to Table 8.1 (a) What was the largest percentage GDP decline since the Great Depression? (b) What was (i)

Question:

According to Table 8.1 

(a) What was the largest percentage GDP decline since the Great Depression?

(b) What was 

(i) The longest post-World War II recession?

(ii) The shortest post-World War II recession?

Peak Percentage Decline in Real GDP Duration Unemployment Rate Dates (Months) Aug. 1929-Mar. 1933 May 1937-June 1938 Feb

Transcribed Image Text:

Peak Percentage Decline in Real GDP Duration Unemployment Rate Dates (Months) Aug. 1929-Mar. 1933 May 1937-June 1938 Feb. 1945-Oct. 1945 43 35.4% 24.9% 13 9.4 20.0 23.8 4.3 Nov. 1948–Oct. 1949 9.9 7.9 11 July 1953-May 1954 Aug. 1957-Apr. 1958 Apr. 1960-Feb. 1961 10.0 10 6.1 14.3 7.2 7.5 7.1 10 Dec. 1969-Nov. 1970 11 8.1 6.1 16 Nov. 1973-Mar. 1975 14.7 9.0 Jan. 1980-July 1980 July 1981-Nov. 1982 July 1990-Feb. 1991 8.7 7.6 16 12.3 10.8 2.2 6.5 Mar. 2001-Nov. 2001 8. 0.6 5.6 4.1 Dec. 2007-June 2009 18 10.0

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 60% (5 reviews)

a 23 8 percent b i December 2007 June 2009 ii Ja…View the full answer


answer-question
Answered By
tutor-profile-image
Marcus Solomon
I am committed to ensuring that my services always meet the clients' expectations.
4.60+ 82+ Reviews 117+ Question Solved
Related Book For  answer-question
The Macro Economy Today

The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

See More Books
Question Details
Chapter # 7
Section: Exercise Questions
Problem: 16
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: May 03, 2018 08:58:06
See More Questions

Students also viewed these Business questions

Q:
What was the largest single asset and largest single liability of securities firms in 2013?
A:
Reverse repurchase agreements securities purchased unde......
Q:
Was the most recent recession the most severe economic downturn since the Great Depression? With the data now in, it appears that the recession starting in December 2007 will rival the recession...
A:
This Application discusses the severity of the mos......
Q:
Some economists claim World War II ended the Great Depression of the 1930s. The war effort was financed by borrowing massive sums of money from the public. Explain how a war could end a recession....
A:
If G goes up and T does not the equilib......
Q:
Expected manufacturing costs for Imperial Data Devices are as follows: Variable Costs Fixed Costs per Month Direct material $8.00/unit Supervisory salaries $17,000 Direct labor 3.50/unit Factory...
A:
Flexible budget Actual budget Difference Number of units 1......
Q:
Find a value of y such that the triangle with the given vertices has an area of 4 square units. 1. (5, 1), (0, 2), (2, y) 2. (4, 2), (3, 5), (1, y)
A:
1 8 5y 8 y 8 8 5 y 16 5......
Q:
The diameter of a hole drilled through brass at 21C measures 6.500 cm. Find the diameter and area of the hole when the brass is heated to 175C.
A:
d d 1 AT 6 500......
Q:
Suppose 0.1 mol of CO 2 were mixed with 0.9 mol of Cl 2 and 1 liter of water. What would be the concentrations of the aqueous species and the mole fractions in the vapor phase at 0.8 atm in that case?
A:
To find the concentrations of the aqueous species and the mole fractions in the vapor phase we can f......
Q:
I recently sold my used car. If no new production occurred for this transaction, how could it have created value?
A:
The value of my willingness to sell was less than the buyer......
Q:
Using the Huffman coding table, compress the following texts. Also, find the compression ratio considering Unicode representation. 1. STAR 2. FINISH Huffman Code 00 11 010 0110 0111 1000 1011 10010...
A:
Compressed texts STAR Original text STAR Compressed......
Q:
1) Waren has a $60,000 two-year note payable to First American Bank & Trust dated December 18, 2017. The stated annual interest rate on the note is 5%. The terms of the note payable call for the...
A:
Adjusting Entry as on 31st December 1 Accrued Interest Expense Journal Entry Interest Expense......
Q:
According to the News on page 160, (a) By what annual rate did GDP decline in the 4 th quarter of 2008? (b) At that rate, how much output would have been lost in the $14 trillion economy of 2008? (c)...
A:
a 3 8percent b 532 billion c 1 773 33 per person Feedback......
Q:
If the AS curve shifts to the right, what happens (increases or decreases) to (a) The equilibrium rate of output? (b) The equilibrium price level?
A:
a Increases b Decreases Feedback a A rightward shif......
Q:
From the following list, identify the accounts that should be closed to Income Summary at the end of the fiscal year under a perpetual inventory system: (a) Accounts Payable, (b) Advertising Expense,...
A:
b Advertising Expense c Cost of Merchand......
Q:
Find 1 print or Internet-based advertisement to analyze. The advertisement must contain some text or language. Please ensure that all aspects of the ad are rated "G" or "PG." Give an analysis of the...
A:
1 Advertisement Description Begin by describing the advertisement in detail Include information abou......
Q:
This is a legal memorandum that determines whether or not our client, John Rollins, has had his First Amendment rights violated. The operative facts are as follows. In 2009, Rollins was convicted of...
A:
MEMORANDUM To Your Name Attorney for John Rollins From Your Name Legal Counsel Date Date Subject Analysis of Whether John Rollins First Amendment Rights Were Violated by the BPT Program Issue The prim......
Q:
Abba Co. owns a 40% interest in Jay Ltd, a joint venture. Information for the two entities for the year ended July 31, 20X4, is as follows: Sales Net income Abba $5,000,000 1,500,000 Jay $3,900,000...
A:
To calculate the investment income from Jay that will be reported on Abba s statement of comprehensi......
Q:
Evaluate the integral using any appropriate algebraic method or trigonometric identity. S dx (x+2)x+4x-12
A:
The answer provided below has been developed in a clear step by step manner......
Q:
The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash Sales Cost of goods sold Gross margin Selling and administrative expenses...
A:
Cash Flow Statement It states the inflow as well as outflow of the company that is made by the compa......
Q:
In E. coli, a methyltransferase enzyme encoded by the dam gene recognizes the sequence 5' GATC-3' and attaches a methyl group to the N6 position of adenine. E. coli strains that have the dam gene...
A:
The mismatch repair system which detects mistakes made by DNA polymerase would not function prop......
Q:
Data 9.2 on page 540 introduces the dataset Cereal, which includes information on the number of grams of fiber in a serving for 30 different breakfast cereals. The cereals come from three different...
A:
The null hypothesis is that the mean fiber amounts are all the same and the alternative......
Q:
Compare and contrast return on investment (ROI) and return on assets (ROA) measures. Which would be best for a retailer with no bank borrowing or other outside sources of funds (that is, the retailer...
A:
See section Return on Inves......
Q:
Compare and contrast return on investment (ROI) and return on assets (ROA) measures. Which would be best for a retailer with no bank borrowing or other outside sources of funds (that is, the retailer...
A:
See section Return on Inves......
Q:
Suggest a plausible explanation for sales fluctuations for (a) Computers, (b) Ice cream, (c) Washing machines, (d) Tennis rackets, (e) Oats, (f) Disposable diapers, (g) Latex for rubber-based paint.
A:
a Level of national income state of the economy and stage of economic development would all impact t......
Anatomy And Physiology For Health Professionals 2nd Edition - ISBN: 1284036944 - Free Book