Go to FRED (the Federal Reserve Economic Database) OECD Based Recession Indicators (http://research.stlouisfed.org/fred2/series/CHNRECM) and compare this to Gross Domestic Product by Expenditure in Constant Prices: Total Gross Domestic Product for China: (http://research.stlouisfed.org/fred2/series/NAEXKP01CNA652S).
a. Are the OECD recession indicators for growth cycles or business cycles?
b. Identify the years of any outright business cycle recessions for China since 1980.

Question

Quizplus · Accepted Answer

The Answer is a. These are growth cycle recessions since we see from the second graph below that GDP appears to have never actually declined, which would be one characteristic (out of many) of a business cycle recession

a. These are growth cycle recessions since we see from the second graph below that GDP appears to have never actually declined, which would be one characteristic (out of many) of a business cycle recession b. Real Growth rates of China's GDP are seen in the graph below: It would appear that no outright business cycle recessions have occurred since 1980-though some say 1989 had one. We see 1976 (the year Chairman Mao died and a year after a recession in the United States) also is another possibility.

b. Real Growth rates of China's GDP are seen in the graph below: It would appear that no outright business cycle recessions have occurred since 1980-though some say 1989 had one. We see 1976 (the year Chairman Mao died and a year after a recession in the United States) also is another possibility.

Go to FRED (The Federal Reserve Economic Database) OECD Based