Based on these graphs, can you roughly identify the periods of expansions (boom) and recessions (depression)? give a description for each graph 1) Nominal GDP Growth Rate 1 Cells 0.5 0 Date 02 04 02 04 02 04 02 04 02 04 02 04 02 04 02 04 02 04 1992 1992 1993 1993 1994 1994 1995 1995 1996 1996 1997 1997 1998 1998 1999 1999 2000 2000 Series1 Series2 3 2.5 2 1.5

Macroeconomics
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ISBN:9781337617390
Author:Roger A. Arnold
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Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section7.4: Real Gdp
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M12
Based on these graphs, can you roughly
identify the periods of expansions (boom)
and recessions (depression)?
give a description for each graph
1)
Nominal GDP Growth Rate
3
2.5
2
1.5
1
Cells
0.5-
0
Date 02 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4
1992 1992 1993 1993 1994 1994 1995 1995 1996 1996 1997 1997 1998 1998 1999 1999 2000 2000
Series2
-Series 1
Transcribed Image Text:Based on these graphs, can you roughly identify the periods of expansions (boom) and recessions (depression)? give a description for each graph 1) Nominal GDP Growth Rate 3 2.5 2 1.5 1 Cells 0.5- 0 Date 02 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 1992 1992 1993 1993 1994 1994 1995 1995 1996 1996 1997 1997 1998 1998 1999 1999 2000 2000 Series2 -Series 1
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