question archive The following table shows yearly real GDP data for France from 2006 to 2014, measured in billions of U
The following table shows yearly real GDP data for France from 2006 to 2014, measured in billions of U
Subject:EconomicsPrice: Bought3
The following table shows yearly real GDP data for France from 2006 to 2014, measured in billions of U.S. dollars.a. For each year, identify which stage of the business cycle the real GDP data represent for France.Are the following: Expansion? Recession? Or Undeterminable?YearReal GDP(billions of dollars)Stage20062,136.620072,255.720082,582.420092,831.820102,619.720112,565.020122782.220132,611.220142,735.0b. Using the table, what years represent a peak in France’s business cycle?2011, 2013, and 20142007, 2009, 2012, and 20142009 and 20122009c. Using the table, what years represent a trough in France’s business cycle?2011 and 20132010, 2011, and 201320112009 and 2012
