Question

In: Economics

How to create and provide one original GDP graph?

How to create and provide one original GDP graph?

Solutions

Expert Solution

The gross domestic product (GDP) of a particular nation is the value of total production of goods and services within the boundaries of a nation for a given period of time. While making a graph of GDP, it permits you to perceive how a nation is developing or contracting in its economy. The GDP gives a preview of all the cash a nation produces through selling items and services and the value of imports and exports. The higher the level of GDP, the bigger the nation's economy. You can see two distinct nations on a chart for a visual portrayal of how their GDPs are developing or contracting.

For making a graph, x-axis represents various years. For example, the graph indicates years from 1980 to 2020 along the x-axis. Whereas, y-axis represents the GDP data of a particular nation. Now, we just have to plot the points from data given on the graph.

The following is the GDP graph of India for the period 2010-20. It means that the graph will show the GDP data for the 10 years.


Related Solutions

Find an article that contains at least one statistical graph. Identify the original data as closely...
Find an article that contains at least one statistical graph. Identify the original data as closely as possible from the information given in the study. Do this again for a study that has a different type of graph. In which study were you able to most closely determine much about the original data? Why?
How to create the graph? Make a graph of the average life vs the contract rate...
How to create the graph? Make a graph of the average life vs the contract rate c, where 0 ? c ? 100% and T=30y. In you submission, show the amortization table for c=5% (and make sure it fits on one page and is annotated)
Below, you are provided with a graph that depicts how Potential GDP and Real GDP change over time.
 Below, you are provided with a graph that depicts how Potential GDP and Real GDP change over time. You will-use this graph to identify peaks, troughs, expansionary periods, and recessionary periods along the business cycle. Part 1: Complete the statement below with A, B, C, or D. The economy depicted above is at a peak along the business cycle at Point _______  Part 2: Complete the statement below with A, B, C, or D. The economy depicted above is at a trough along the business...
how to get the multiplier from aggregate expenditure and real GDP graph?
how to get the multiplier from aggregate expenditure and real GDP graph?
Assume the economy is operating at potential GDP. In writing and in a graph, explain how...
Assume the economy is operating at potential GDP. In writing and in a graph, explain how each of the events below will affect the equilibrium price level, aggregate output, and the unemployment rate in the United States in the short-run. Be sure to analyze each event independently. Congress passes a new budget that decreases taxes and increases government spending on infrastructure. Due to higher interest rates, business firms decrease investment spending. U.S. productivity declined for the third month in a...
Discussion #12 - Reflections to Date You need to create one original post and one response...
Discussion #12 - Reflections to Date You need to create one original post and one response to others for the discussion topic below. In a substantive paragraph, reflect and share with your classmates on the points(s) that has(ve) stood out the most so far. This could be about material you've learned that you'll be able to apply and/or things that you have found challenging. BUSI 4359-125 Business Strategy
How can I create a graph of these differential equations in Mathcad?
How can I create a graph of these differential equations in Mathcad?
Provide an original example where you perform a hypothesis test using the one-mean z-test. Provide within...
Provide an original example where you perform a hypothesis test using the one-mean z-test. Provide within this part the following items: State the null hypothesis. State the alternative hypothesis test. State the chosen alpha level of significance. Use the critical value approach to determine whether to reject or fail to reject the null hypothesis. Use the p-value approach to determine whether to reject or fail to reject the null hypothesis. Discuss how a Type I or Type II error could...
Show in a graph how an Oligopoly will create an artificial shortage and by doing so...
Show in a graph how an Oligopoly will create an artificial shortage and by doing so what does that do to price? Make a comparison between the differences between an Oligopoly and firms in Perfect Competition, Monopolies, and firms that are in Monopolistic Competition. How are they the same but how do each differ. How does the number of firms in an Oligopoly affect its outcome on Price, Product, Place, and Promotion? Which of these 3 will an Oligopolistic frim...
• Research the GDP of China and provide figures for the latest year on how much...
• Research the GDP of China and provide figures for the latest year on how much each sector of the GDP (C, I, G and X-M) has contributed to the economy. • Which sector contributed the most to the GDP? Explain briefly why you think that sector was the highest contributor • Create a pie chart to show the individual contributions of each sector.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT