Explore BrainMass
Share

Explore BrainMass

    GDP & CPI Assessment

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Use the GDP data from 1929 to 2008 collected in the first part of this assessment (Assignment 4 Data Collection) to match the following GDP numbers with the corresponding year.
    (Points : 10)
    : 103.6 1 : 1981
    : 86.1 2 : 1938
    : 101.4 3 : 1983
    : 3536.7 4 : 1940
    : 3128.4 5 : 1929

    1. Please draw a CPI trend from 1929 to 2008, i.e. plot CPI (the vertical axis) against year (the horizontal axis).

    2. Please compare the nominal and real GDP trends from 1929 to 2008, i.e. plot both nominal and real GDP (the vertical axis) against year (the horizontal axis).

    3. Please compare the nominal and real GDP growth rates from 1930 to 2008, i.e. plot both nominal and real GDP (the vertical axis) growth rates against year (the horizontal axis).

    4. Please identify the recession in the early 1990s in a diagram. Hint: Illustrate the variation in the real GDP from 1987-1993 in a chart.

    © BrainMass Inc. brainmass.com October 10, 2019, 2:02 am ad1c9bdddf
    https://brainmass.com/economics/macroeconomics/gdp-cpi-assessment-360084

    Attachments

    Solution Preview

    See the attached file. Hope this will help. Thanks

    Use the GDP data from 1929 to 2008 collected in the first part of this assessment (Assignment 4 Data Collection) to match the following GDP numbers with the corresponding year.
    (Points : 10)
    Answer Potential Matches:
    5 : 103.6 1 : 1981
    2 : 86.1 2 : 1938
    4: 101.4 3 : 1983
    3 : 3536.7 4 : 1940
    1 : 3128.4 5 : 1929

    Use the CPI data from 1913 to 2008 collected in the first part of this assessment (Assignment 4 Data Collection) to match the following CPI numbers with the corresponding year.(Points : 10) Answer Potential Matches:
    1 : 13.9 1 : 1936
    2 : 14.0 2 : 1940
    3: ...

    Solution Summary

    This post conducts comprehensive assessment for GDP and CPI data.

    $2.19