We have obtained the following information about Real GDP in the U.S. economy from 1973:01 through 1975:Q+Data has been provided by the Bureau of Economic Analysis (BEA): Real GDP (billions of chained 2012 $) $5,646.3 $5,707.8 $5,677.7 $5,731.6 $5,682.4 $5,695.9 $5,642.0 $5,620.1 $5,551.7 $5,591.4 $5,687.1 $5,763.7 Year 1973 1974 1975 Quarter Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 A. Create a graph of the above Real GDP data and label the phases of the Business Cycle (Peak, Trough, Recession, Recovery/Expansion). B. In what quarter did the U.S. economy reach a business cycle peak? C. In what quarter did the U.S. economy reach the trough of the business cycle? D. What was the percent decline in Real GDP from the business cycle peak to the trough? RGDP trough - RGDP peak Hint: Economic Growth Rate = x 100 RGDP peak

The seasonally adjusted data below depict the performance of the economy of the United States in 1949. Year/Quarter 1949/Q1 1949/Q2 1949/Q3 1949/Q4 Select one: OA. Recession and disinflation. Annual Percent Change Nominal GDP -7.4 -5.2 +2.3 -3.3 Which of the following describes the performance of the economy of the United States in 1949? OB. Expansion and disinflation. OC. Expansion and deflation. OD. Recession and deflation. Annual Percent Change Real GDP -5.4 -1.4 +4.2 -3.3

Actual and Potential GDP (a FRED question): Using the FRED database, locate the Congressional Budget Office’s measure of potential GDP by searching for ”GDPPOT”. Using the ”Add Data Series” option, add the series ”Real Gross Domestic Product (GDP1)” to this graph. Adjust the sliders to show the data from around 1985 to the present. (1) Display the graph. (2) Download a graph of the ”investment share of GDP” (for gross private domestic invest- ment) and display those data graphically since 1990. (3) How does this second graph help you understand the first graph in terms of the data since the Great Recession? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Just answer the chart and the questions provided in the picture (Base (Base Yr Yr =2020) Nominal Rasi (1) (3) (4) Total Production с Xa Aggregate Expenditures (Real GDP) C++X 14.0 Column (5) below represents aggregate expenditures (AE-C+1₂+G=X) for an economy when there is no government spending or taxing (G-T-50) and Real GDP-PI-DI (5) (6) Aggregate (8) (7) After-tax Consumption Aggregate Expenditures Caft Caft+I+X+G Expenditures $100 $100 $80 $0 $180 $ $200 $160 $ 80 $0 $240 S C+1₂+X+G $ S $300 $220 $ $ $ 80 $0 $300 $ $400 $280 $ $ $ 80 SO $360 $ $500 $340 $ 80 $0 $420 $ $ $ $600 $400 $ 80 $ 0 $480 $ S $ $700 $460 $ 80 $0 $540 $ S S i. What is the equilibrium level of GDP (where TP-AE) with no government spending or taxing? Suppose the government now spends $80 billion at each level of GDP and taxes remain at zero. Now fill in the new AE in column (6) above. ii. What is equilibrium GDP (where TP=AE) with this level of government spending? iii. MPS- Calculate the marginal propensities…