Year Real GDP per Capita 1985 6,000 1986 6,300 1987 6,700 1988 7,200 1989 7,850 1990 8,250 1991 8,450 1992 8,550 1993 8,575 1994 8,510 1995 8,370 1996 8,100 1997 7,950 1998 7,925 1999 7,960 2000 8,035 2001 8,155 The information above describes the real GDP per capita for a country for the period from 1985 through to 2001. I. If a new business cycle began in 1985, how long was this cycle? II. In which year did the peak occur? The trough occurred in which year? III. How long was the expansion? How long was the recession?
Year Real
1985 6,000
1986 6,300
1987 6,700
1988 7,200
1989 7,850
1990 8,250
1991 8,450
1992 8,550
1993 8,575
1994 8,510
1995 8,370
1996 8,100
1997 7,950
1998 7,925
1999 7,960
2000 8,035
2001 8,155
The information above describes the real GDP per capita for a country for the period from 1985 through to 2001.
I. If a new business cycle began in 1985, how long was this cycle?
II. In which year did the peak occur? The trough occurred in which year?
III. How long was the expansion? How long was the recession?
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