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# Answer to Question #6000 in Macroeconomics for cheryl

Question #6000
1. The information below describes the real GDP per capita for the country of Utopia for the period of 1975 to 1991. (10 marks) 1. If a new business cycle began in 1975, how long was this cycle? 2. The peak occurred in which year? The trough occurred in which year? 3. How long was the expansion? How long was the contraction? 4. Calculate change in Real GDP per Capita (Complete the table below) Year Real GDP per Capita Change in Real GDP per Capita 1975 6,000 1976 6,300 1977 6,700 1978 7,200 1979 7,850 1980 8,250 1981 8,450 1982 8,550 1983 8,575 1984 8,510 1985 8,370 1986 8,100 1987 7,950 1988 7,925 1989 7,960 1990 8,035 1991 8,155
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2012-01-17T11:14:02-0500
1. If a new business cycle began in 1975, the cycle was 8 years long and ended in 1983.
2. The peak occurred in the year of 1983. The trough occurred in the year of 1988.
3. The first expansion was long of 8 years (1975-1983). The second expansion was long of 3 years (1989-1991). The contraction was long of 5 years (1984-1988).
4. The completed table below:

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