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Q: 1. Write in detail about business cycle with example of an economy(Country)? ANSWER:…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
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Q: Complete a table showing the unemployment rate, inflation rate and economic growth rate for 2009 –…
A:
The graph shows the annual growth rate of the
1. Based on the phases of the business cycle, how can you represent the concept on this graph? Explain.
2. Without necessarily having the numerical data, what level (high or low) of
3. Without necessarily having the numerical data, what level (high or low) of inflation could have been registered in some of the periods presented in the graph? Explain your answer indicating why.
4. How do you correlate your answers in the previous questions with the phases of economic cycles and their effects in the short and long term? Explain your answer.
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- Given below is the total Disposable Personal Income in Oman from 2010–2018. Draw a time series graph to show the analysis.Year Income (in 000s)2010- 50002011- 30002012 75002013- 80002014- 85002015 95002016 100002017 105002018 11000In which year the income shows a downward trend from the graph. Select one:a. 2016b. 2018c. 2015d. 2011Year Cost of a basket (R) of consumer goods/services (Base year ) 2015 1850 2016 2190 2017 2380 2018 2560 Use the information in Table 3 to measure the consumer price index for 2016, 2017 and 2018 respectively. Show your calculations and round off to two decimal places. Show how gross national product (GNI) can be derived from gross domestic product (GDP). Explain, with the aid of an equation, the components of the consumption function. Explain the relationship between Investment spending and the interest rate.The table provides some data for an economy in 2017 and 2018. Calculate labor productivity in 2017 and 2018. What is the growth rate of labor productivity in 2018? >>> Answer to 2 decimal places.
- Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table to measure the consumer price indexfor 2019, 2020 and 2021 respectively.Show your calculations and round off to two decimal places. Show how gross national product (GNI) can be derived from gross domesticproduct (GDP). Explain, with the aid of an equation, the components of the consumptionfunction.using the data below can you answer the question: Month Sales Jan-16 747 Feb-16 697 Mar-16 1014 Apr-16 1126 May-16 1105 Jun-16 1450 Jul-16 1639 Aug-16 1711 Sep-16 1307 Oct-16 1223 Nov-16 975 Dec-16 953 Jan-17 1024 Feb-17 928 Mar-17 1442 Apr-17 1371 May-17 1536 Jun-17 2004 Jul-17 1854 Aug-17 1951 Sep-17 1516 Oct-17 1642 Nov-17 1166 Dec-17 1106 Jan-18 1189 Feb-18 1209 Mar-18 1754 Apr-18 1843 May-18 1769 Jun-18 2207 Jul-18 2471 Aug-18 2288 Sep-18 1867 Oct-18 1980 Nov-18 1418 Dec-18 1333 Jan-19 1333 Feb-19 1370 Mar-19 2142 Apr-19 2138 May-19 2078 Jun-19 2960 Jul-19 2616 Aug-19 2861 Sep-19 2237 Oct-19 2225 Nov-19 1590 Dec-19 1659 Jan-20 1613 Feb-20 1605 Mar-20 2349 Apr-20 2468…The following graph approximates business cycles in the United States from the first quarter of 1953 to the third quarter of 1957. The vertical blue bar coincides with periods of 6 or more months of declining real gross domestic product (real GDP). (? 2700 2600 2500 2400 2300 1953 1954 1955 1956 1957 YEAR Source: "Current-dollar and Real GDP," Bureau of Economics Analysis, last modified May 1, 13, accessed May 15, 13, http://www.bea.gov/national/xls/gdplev.xls. Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as True or False: Small ups and downs in real GDP follow a consistent, predictable pattern. O True O False Which of the following probably occurred as the U.S. economy experienced increasing real GDP in 1954? Check all that apply. O Car sales declined. O The unemployment rate declined. O Corporate profits increased. O Consumer spending declined. REAL GDP (Billions of dollars)
- The Economy 2020 to 2022.csv is given as follows: Year Month N_Week PCEPI CPIAUCSL ICSA_Week1 ICSA_Week2 ICSA_Week3 ICSA_Week4 ICSA_Week5 2020 1 4 110.944 259.037 217000 203000 211000 200000 2020 2 5 111.07 259.248 191000 186000 190000 196000 190000 2020 3 4 110.824 258.124 186000 221000 2914000 5946000 2020 4 4 110.237 256.092 6137000 4869000 4201000 3446000 2020 5 5 110.353 255.868 2796000 2335000 2176000 1921000 1639000 2020 6 4 110.746 256.986 1575000 1473000 1467000 1446000 2020 7 4 111.072 258.278 1413000 1468000 1393000 1260000 2020 8 5 111.411 259.411 1044000 884000 927000 876000 881000 2020 9 4 111.613 260.029 892000 861000 859000 795000 2020 10 5 111.648 260.286 785000 839000 804000 776000 773000 2020 11 4 111.666 260.813 737000 738000 793000 737000 2020 12 4 112.15 262.035 873000 886000 815000 773000 2021 1 5 112.583 262.65 803000 890000 844000 799000 803000 2021 2 4 112.961 263.638 812000 802000 702000 704000 2021 3 4…1. Referring to the figures below, 1.0 gdp-gth 80 BPERMITS-YOY 0.8 60 0.6 - 0.4 40 0.2 20 0.0 -0.2 -20- -0.4 -0.6 -40 rel. vol. = 9.4 --0.8 -60 -1.0 1970 2000 2010 1960 1980 1990 2020 -8 -6 -4 -2 2 4 6. 8. TIME (year) LAG (quarters) Source: FRED/BEA characterize the relationship between the growth rate of GDP and the growth rate of building permits (BPERMITS-YoY) in terms of the following items: • Timing. • Direction. • Volatility. Include a brief description of each item in this list in your characterization. RATE (%/year) CROSS CORRELATIONI. Based on the data in Table 2 below, calculate Indonesia's 2011-2016 by measuring changes in the GDP Deflator. Table 2.Indonesia's Gross Domestic Product 2011-2016 year Product Domestik Bruto (Miliar Rp.) Nominal IHK (%) Deflator 2010 6,864,133.1 6.96 100.0 2011 7,831,726.0 3.79 107.5 2012 8,615,704.5 4.30 111.5 2013 9,546,134.0 8.38 117.0 2014 10,569,705.3 8.36 123.4 2015 11,531,716.9 3.35 128.4 2016 12,406,809.8 3.02 131.5
- Actual sales of TV's for the first six month in 2021 were as follows:January 60 February 80 March 42April 68 May 44 June 72 Use this information and determine in whole numbers: 1 The average actual monthly sales for that period 2 Trends: Reduce this average by 6% per month for the next three months 3 Simple Moving Average (SMA): make a forecast for July using a three months simple movingaverage. 4 Weighted Moving Average (WMA): make forecast for July, using a three months weightedmoving average where the weights are 0.5; 0.3 and 0.2 respectively.K Real-Time Data Analysis Exercise What Are Dollars from the Past Worth Today? Compare how many dollars are needed today to match the purchasing power of dollars in the past. The Consumer Price Index (CPI) for August 2023 was 306.269 and the CPI for August 1988 was 119.000. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis The value in August 2023 of $1,500 paid in August 1988 is $. (Round your response to two decimal places)Problem 1 1.1 Consider an economy that produces and consumes bread and automobiles. The following table contains data for two different years: Year 2000 $40,000 Year 2010 $50,000 Price of an automobile Price of a loaf of bread S1.50 $2.50 Number of automobiles produced Number of loaves of bread produced 100 120 5,000,000 4,000,000 Using the year 2000 as the base year, compute the following statistics for each year: nominal GDP, real GDP, the implicit price deflator for GDP, and a fixed-weight price index such as the CPI. 1.2 List and explain (one or two sentences each) the differences between the CPI Index and the GDP Deflator. Which do you believe is a better measure of actual inflation in the U.S? Why?