GDP Assignment
GDP Assignment
Canada’s Economy
Answer: - 1.1
Real GDP is the value of final goods and services produced in a given year when valued at
In the first quarter of 2013, real GDP is at 1.7 %. In second quarter, it grows to 2.0, in third
quarter real GDP grows to 2.6 % and in the last quarter 1 % increase in the GDP is observed, as it
is 3.6 %.
Assignment: GDP and Economic Growth
Answer: - 1.2
70/2.5 = 28
Answer: - 1.3
As it is shown the graph, in 2001 the major recession was faced i.e. 2.9% in the first quarter. In
the other three quarters of 2011 these is an expansion on 1.9%, 0.8%, and 1.1%.
In the year of 2002, overall this year experience an Expansion of 2.1%, 2.4%, 3.3%, and 3.4% in
In the year of 2003, in every quarter Real GDP experience a Recession in all the fourth quarters
In the year of 2004, first quarter experience the recession i.e. 1.8% and rest of the three quarters
experience the expansion with 3.1%, 3.9% in second and third quarter, in fourth quarter there
In the year of 2005, recession continues to the first two quarters i.e. 3.4%, 2.9%. in the last two
In 2006 and 2007 there is a fluctuations in the graph of real GDP i.e. there is a recession faced by
GDP throughout in 2006 and in the first quarter of 2007 i.e. 3.8%, 3.1%, 2.0%, 1.5% and 1.2%,
in the other three quarters of 2007 expansion was experienced with 2.0%, 2.5%, 2.3%.
The period of two years such as 2008 and 2009 also known as period of recession the GDP of
Canada falls like the trough and go to its minimum point of -3.7% in the third quarter of 2009.
In the year of 2010, the economy of Canada grows up to 3.6% in the third quarter of 2010 and it
is stable even in the fourth quarter of 2010. This point was the peak point of the Canada’s real
GDP.
Assignment: GDP and Economic Growth
India’s Economy
Answer: - 1.1
Figure depicts the real GDP of India in 2017, as the current base year is 2007.
In the third quarter of 2007, real GDP grows to 6.3% and in the fourth quarter it grows to 7%.
Answer: - 1.2
70/7 = 10
It approximately takes 10 years to double the Real GDP of India with the growth rate of the
Answer: - 1.3
Yes, India experience the recession in the first half of 2017 from 6.1% to 5.6%
Answer: - 1.4
Following (quarterly) graph is the graph of real GDP of Indian from 2010 to 2017.
Assignment: GDP and Economic Growth
References