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?
Create original emails and memos in proper business format and etiquette. Create two emails and one...
Create original emails and memos in proper business format and etiquette. Create two emails and one memo. Each one is worth 20 points. Research companies that you are interested in and imagine that you hold a position in that company. Write one email to a colleague asking for help with a project. Write one email to your boss asking to be included in future projects which may be a bit beyond the reach of your experience. Write a memo from...
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 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)
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 do I create a graph class to store a adjacency list representation of a graph?...
how do I create a graph class to store a adjacency list representation of a graph? I need some help and dont conpletely understand how to start. if you could provide a code with some steps id appreciate it.
Create a circuit that produces 600khz sine wave in Multisim. Provide a Oscilloscope graph in Multisim....
Create a circuit that produces 600khz sine wave in Multisim. Provide a Oscilloscope graph in Multisim. please show the components used
How can I create a graph of these differential equations in Mathcad?
How can I create a graph of these differential equations in Mathcad?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT