# 11f11h9sw

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```					Let us say that we have following data. Based on the
at                0.025

http://www.bea.gov/national/index.htm#gdp

Year        Quarter         GDP
2000           1          11,033.6
2           11,248.8
3           11,258.3
4           11,325.0
2001           1          11,287.8
2           11,361.7
3           11,330.4
4           11,370.0
2002           1          11,467.1
2           11,528.1
3           11,586.6
4           11,590.6
2003           1          11,638.9
2           11,737.5
3           11,930.7
4           12,038.6
2004   1   12,117.9
2   12,195.9
3   12,286.7
4   12,387.2
2005   1   12,515.0
2   12,570.7
3   12,670.5
4   12,735.6
2006   1   12,896.4
2   12,948.7
3   12,950.4
4   13,038.4
2007   1   13,056.1
2   13,173.6
3   13,269.8
4   13,326.0
2008   1   13,266.8
2   13,310.5
3   13,186.9
4   12,883.5
2009   1   12,663.2
2   12,641.3
3   12,694.5
4   12,813.5
2010   1   12,937.7
2         13,058.5
3         13,139.6
4         13,216.1
2011            1         13,227.9
2         13,271.8
3         13,352.8

Using the definition of a rececssion as two consecut
in recession was                   3

2008.4
2009.1
2009.2

Consider a hypothetical economy that produces only

The output vectors are
The price vectors are       P_08
P_09

Growth rates of prices

GDP_08
GDP_09

Growth of real GDP

Multiply the price of each good times its quantity to

GDP_08             100
GDP_09             110

GDP deflator for 2009 with a base year of 2008 is
For a rate of inflation of

If the velocity was constant between 08 and 09, the
was:   0.14
ata. Based on the actual GDP, with potential GDP seems to be growing

.htm#gdp

Quarterly      Annual       Potential
Growth Rates Growth Rates        GDP         Graph
11,033.60     2000.00
0.020      0.078       11,102.56     2000.25
0.001      0.003        11,171.95    2000.50
0.006      0.024       11,241.78     2000.75
-0.003      -0.013      11,312.04     2001.00
0.007      0.026       11,382.74     2001.25
-0.003      -0.011      11,453.88     2001.50
0.003       0.014      11,525.47     2001.75
0.009      0.034       11,597.50     2002.00
0.005       0.021      11,669.98     2002.25
0.005      0.020       11,742.92     2002.50
0.000       0.001      11,816.32     2002.75
0.004       0.017      11,890.17     2003.00
0.008      0.034       11,964.48     2003.25
0.016      0.066       12,039.26     2003.50
0.009      0.036       12,114.50     2003.75
0.007    0.026   12,190.22   2004.00
0.006    0.026   12,266.41   2004.25
0.007    0.030   12,343.07   2004.50
0.008    0.033   12,420.22   2004.75
0.010    0.041   12,497.84   2005.00
0.004    0.018   12,575.96   2005.25
0.008    0.032   12,654.56   2005.50
0.005    0.021   12,733.65   2005.75
0.013    0.051   12,813.23   2006.00
0.004    0.016   12,893.31   2006.25
0.000    0.001   12,973.90   2006.50
0.007    0.027   13,054.98   2006.75
0.001    0.005   13,136.58   2007.00
0.009    0.036   13,218.68   2007.25
0.007    0.029   13,301.30   2007.50
0.004    0.017   13,384.43   2007.75
-0.004   -0.018   13,468.08   2008.00
0.003    0.013   13,552.26   2008.25
-0.009   -0.037   13,636.96   2008.50
-0.023   -0.092   13,722.19   2008.75
-0.017   -0.068   13,807.96   2009.00
-0.002   -0.007   13,894.26   2009.25
0.004    0.017   13,981.09   2009.50
0.009    0.037   14,068.48   2009.75
0.010    0.039   14,156.40   2010.00
0.009         0.037      14,244.88     2010.25
0.006         0.025      14,333.91     2010.50
0.006         0.023      14,423.50     2010.75
0.001         0.004      14,513.65     2011.00
0.003         0.013      14,604.36     2011.25
0.006         0.024      14,695.63     2011.50

n as two consecutive quarters, the number of quarters the US economy wa
List them in the format 2007.1 as the first quarter of 2007.

hat produces only 3 goods:

X_08         X_09
Ag.                12           10
Industry            5            4
Services           10           10
p_1            p_2           p_3
5              4             2
7              5             2

0.4           0.25            0

Real GDP
Nominal GDP                  base year 08
100                           100
110                            86

0.1                         -0.14

es its quantity to confirm that the array function in Excel works as expec

year of 2008 is          1.28
0.28

en 08 and 09, the rate of growth of the money supply
to be growing

16,000

14,000

12,000

10,000

8,000

6,000

Actual
4,000
Potential

2,000
0
1998.00   2000.00   2002.00   2004.00   2006.00   2008.00   2010.00   2012.00   2014.00
he US economy was
ter of 2007.
el works as expected
2014.00

```
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