Use the following to answer questions .
Exhibit Real GDP and Employment

-(Exhibit: Real GDP and Employment) The exhibit shows data on real GDP and employment for a particular country from the year 1991 to 2000. A complete business cycle:

Question

Use the following to answer questions .
Exhibit Real GDP and Employment
 
-(Exhibit: Real GDP and Employment) The exhibit shows data on real GDP and employment for a particular country from the year 1991 to 2000. A complete business cycle:

Quizplus · Accepted Answer

A complete business cycle includes a period of expansion, peak, contraction, and trough. From the exhibit, we can see that real GDP and employment started to increase in 1991, reached a peak in 1994, and then started to decrease until reaching a trough in 1999. Therefore, the complete business cycle commenced in 1994 and ended in 1999, making choice C the best option.

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