1. The following table shows Spain's (awalizr) quarterly real GDP growth rates for the 2007–2012 period.(Roman numbers refer to quarters.)Variable2007 2007 2007 2007 20082008IIIIIIIVIIIReal GDP7.67.36.56.45.64.6Variable2008 2008 2009 2009 2009 2009IIIIVIIIIIIIVReal GDP3.10.5-0.1 -4.1 -4.5 -3.3Variable2010 2010 2010 2010 2011 2011IIIIIIIVIIIReal GDP -1.5 -0.20.00.40.50.5Variable201120112012 2012 2012 2012IIIIVIIIIIIVReal GDP0.60.0-0.7 -1.4 -1.6 -1.9а)Plot real GDP growth rate in a graph, and identify a trend in the data.b)Based on the data shown, identify the beginning (i.e., the year and the quarter) of the currentrecession.2. Unemployment is a very important topic in macroeconomics. A high unemployment rate means that a lotof individuals willing to work cannot find a job. This is bad for the economy, as some resources (i.e., labour)remain idle.Comment on the effects that being unemployed have on an individual.

Real GDP is the total value of goods and services produced in an economy adjusted for inflation for…

1. The following table shows Spain's (awalized) quarterly real GDP growth rates for the 2007–2012 period. (Roman numbers refer to quarters.) Variable 2007 2007 2007 2007 2008 2008 I II III IV I II Real GDP 7.6 7.3 6.5 6.4 5.6 4.6 Variable 2008 2008 2009 2009 2009 2009 III IV I II III IV Real GDP 3.1 0.5 -0.1 -4.1 -4.5 -3.3 Variable 2010 2010 2010 2010 2011 2011 I II III IV I II Real GDP -1.5 -0.2 0.0 0.4 0.5 0.5 Variable 2011 2011 2012 2012 2012 2012 II IV I II III IV Real GDP 0.6 0.0 -0.7 -1.4 -1.6 -1.9 a) Plot real GDP growth rate in a graph, and identify a trend in the data. b) Based on the data shown, identify the beginning (i.e., the year and the quarter) of the current recession.

1. The following table shows Spain's (awalized) quarterly real GDP growth rates for the 2007–2012 period. (Roman numbers refer to quarters.) Variable 2007 2007 2007 2007 2008 2008 I II III IV I II Real GDP 7.6 7.3 6.5 6.4 5.6 4.6 Variable 2008 2008 2009 2009 2009 2009 III IV I II III IV Real GDP 3.1 0.5 -0.1 -4.1 -4.5 -3.3 Variable 2010 2010 2010 2010 2011 2011 I II III IV I II Real GDP -1.5 -0.2 0.0 0.4 0.5 0.5 Variable 2011 2011 2012 2012 2012 2012 II IV I II III IV Real GDP 0.6 0.0 -0.7 -1.4 -1.6 -1.9 a) Plot real GDP growth rate in a graph, and identify a trend in the data. b) Based on the data shown, identify the beginning (i.e., the year and the quarter) of the current recession.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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