EBK ECONOMICS TODAY
18th Edition
ISBN: 9780100663251
Author: Miller
Publisher: YUZU
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Chapter 8, Problem eFCT
To determine
To show:
From the following table it is to be identified in what years the economy suffered from a recession and to provide explanation.
| Year | Nominal |
Price Index (Base year 2009 =100) | Real GDP ($ billion per year, in constant 2009 $) |
| 2005 | 13095.4 | 91.99050 | 14235.6 |
| 2006 | 13857.9 | 94.81841 | 14615.2 |
| 2007 | 14480.3 | 97.33478 | 14876.8 |
| 2008 | 14720.3 | 99.23619 | 14833.6 |
| 2009 | 14417.9 | 100 | 14417.9 |
| 2010 | 14958.3 | 101.21047 | 14779.4 |
| 2011 | 15533.8 | 103.19816 | 15052.4 |
| 2012 | 16244.6 | 105.00236 | 15470.7 |
| 2013 | 16799.7 | 106.58829 | 15761.3 |
| 2014 | 17538.9 | 108.24744 | 16202.6 |
| 2015 | 18210.6 | 109.22537 | 16672.5 |
Source: Bureau of Economic Analysis.
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Chapter 8 Solutions
EBK ECONOMICS TODAY
Ch. 8 - Prob. 8.1LOCh. 8 - Prob. 8.2LOCh. 8 - Prob. 8.3LOCh. 8 - Prob. 8.4LOCh. 8 - Prob. 8.5LOCh. 8 - Prob. aFCTCh. 8 - Prob. bFCTCh. 8 - Prob. cFCTCh. 8 - Prob. dFCTCh. 8 - Prob. eFCT
Ch. 8 - Prob. fFCTCh. 8 - Prob. 1CTQCh. 8 - Prob. 2CTQCh. 8 - Prob. 1FCTCh. 8 - Prob. 2FCTCh. 8 - Prob. 1PCh. 8 - Prob. 2PCh. 8 - Prob. 3PCh. 8 - Prob. 4PCh. 8 - Prob. 5PCh. 8 - Prob. 6PCh. 8 - Prob. 7PCh. 8 - Prob. 8PCh. 8 - Prob. 9PCh. 8 - Prob. 10PCh. 8 - Prob. 11PCh. 8 - Prob. 12PCh. 8 - Prob. 13PCh. 8 - Prob. 14PCh. 8 - Prob. 15PCh. 8 - Prob. 16PCh. 8 - Prob. 17PCh. 8 - Prob. 18P
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