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.

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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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 CORRELATION

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