Part C: Following graph shows business cycle fluctuation in a hypothetical economy. "Y" denotes year, and "Q" denotes quarter. What do points A, B, C, and D denote? Write at least a sentence each about what these points denote. Also, explain what represent the curve segments: A to B, B to C, and C to D. Lastly, because economic activity fluctuates, how is long-term growth possible? Real GDP (billion $) 50 45 40 35 30 25 20 15 10 5 Y1Q1 Y1Q2 Y1Q3 Y1Q4 Y2 Q1 Y2 Q2 Y2 Q4 Y3 Q1 Y3 Q2
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- Following graph shows business cycle fluctuation in a hypothetical economy . " Y " denotes year , and " Q " denotes quarter . What do points A , B , C , and D denote ? Write at least a sentence each about what these points denote . Also , explain what represent the curve segments : A to B , B to C and C to D. Lastly , because economic activity fluctuates , how is long - term growth possible ?Following graph shows business cycle fluctuation in a hypothetical economy. "Y" denotes year, and "Q" denotes quarter. What do points A, B, C, and D denote? Write at least a sentence each about what these points denote. Also, explain what represent the curve segments: A to B, B to C, and C to D. Lastly, because economic activity fluctuates, how is long-term growth possible?Suppose that the annual rates of growth of real GDP of Econoland over a five-year period were sequentially as follows: 3 percent, 1 percent, -2 percent, 4 percent, and 5 percent. What was the average of these growth rates in Econoland over these 5 years? What term would economists use to describe what happened in year 3?
- Calculate private investment per capita for each year from 2003-2020. What are the per capita growth rates in private investment for the periods 2003-2008 and 2008-2013? And briefly, state what this change in the growth ofprivate investment tell us in terms of aggregate expenditure?1. What does the latest available data say about the current rate of GDP growth? 2. Is the economy in a recession or an expansion?Suppose that the annual rates of growth of real GDP of Econoland over a five-year period were sequentially as follows: 3 percent, 1 percent, −2 percent, 4 percent, and 5 percent. What was the average of these growth rates in Econoland over these five years? What term would economists use to describe what happened in year 3? If the growth rate in year 3 had been a positive 2 percent rather than a negative 2 percent, what would have been the average growth rate?
- In the graph of Figure I, the annual growth rate of the GDP of the United States economy is presented since the first quarter of 2004, while, in the graphs of Figure II, three different scenarios of the relationship are represented between demand and aggregate supply that reflect different situations of economic growth. 4. Explain in detail what is happening in Graph C of Figure II and, after examining the data in the graph of Figure I, identify in what period of time this situation is occurring. Figure I = Real data of the United States economyFigure 2 = Representation of the aggregate demand and supply modelDA = AGGREGATE DEMANDGDP = GROSS DOMESTIC PRODUCTNGP = GENERAL PRICE LEVELOAL = LONG TERM AGGREGATED OFFEROAC = SHORT-TERM AGGREGATE OFFERSuppose that a country's annual growth rates were 5, 3, 4 , -1 , -2 , 2 , 3 , 4, 6, and 3 in yearly sequence over a 10 - year period . a ) What was the country's trend rate of growth over this period ? b ) Which set of years most clearly demonstrates an expansionary phase of the business cycle ? c ) Which set of years best illustrates a recessionary phase of the business cycle ?Suppose that the annual rates of growth of real GDP in Econoland over a five-year period were as follows: Year Growth Rate (%) 1 4 2 2 3 -1 4 4 5 6 a. What was the average of these growth rates in Econoland over these five years? ________ percent b. What term would economists use to describe what happened in year 3? c. If the growth rate in year 3 had been a positive 4 percent rather than a negative 1 percent, what would have been Econoland's average growth rate over the five years? __________ percent
- this question is for macroeconomics but on bartleby it just show economics Canada’s real GDP in November 2020was $1,934,643,000 and $1,990.238,000 in November 2019. Canada’s population was 37,593,384 in 2019 and 38,005238 in 2020. Complete the questions below, fully showing your calculations. (7 marks) A .What is the growth rate of real GDP from November 2019 to November 2020? B. What is the growth rate of real GDP per person? C. Explain what is happening to the Standard of Living in Canada from November 2019 to November 2020?1. Why the use real GDP is preferred by economists over nominal GDP to gauge economic well-being? (Word count: 100 words max.) 2. Consider the following data on the Pakistan economy: Nominal GDP GDP Deflator Year (in billions of rupees) (base year 2012) 2018 21,501 111.4 1998 9,163 76.3 What was the growth rate of nominal GDP between 1998 and 2018? (Hint: The growth rate of a variable X over an N-year period is calculated as [(Xfinal/Xinitial)1/N – 1] x 100). What was the growth rate of the GDP deflator between 1998 and 2018? What was real GDP in 1998 measured in 2012 prices? What was real GDP in 2018 measured in 2012 prices? What was the growth rate of real GDP between 1998 and 2018? Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP? Explain.Suppose an economy that produces and consumes apples, bread, and toy-cars. In the following table are data for two different years. 2019 2020 Good Quantity Price Quantity Price Apples 50 Rs.50 60 Rs.60 Bread 200 Rs. 20 180 Rs.25 Cars 25 Rs. 100 30 Rs.140 a. Using 2019 as the base year, compute the following statistics for 2019 and 2020 in the table given below: Statistics 2018 2019 GROSS DOMESTIC PRODUCT Nominal GDP Real GDP GROWTH RATE Growth Rate of Nominal GDP Growth Rate of Real GDP PRICE INDICES GDP deflator Inflation rate using GDP deflator - CPI (a fixed-weight price index) Inflation rate using CPI b. How much did the cost of living rise between 2018 and 2019? Compare the answers given by GDP deflator and CPI. Explain the difference. c. Explain which price index (GDP deflator or CPI) should be used to adjust the salaries, budget or spending to counterbalance the changes in the cost of living? Why?