Refer to the following figure when answering the following questions.
Figure 7.2: United Kingdom Unemployment Rate: 1971-2015 (Source: OECD and Federal Reserve Economic Data, Federal Reserve Bank of St. Louis)
-Given the U.K. unemployment rate data depicted in Figure 7.2, the approximate year of the peak of the boom was:

Question

Refer to the following figure when answering the following questions.
Figure 7.2: United Kingdom Unemployment Rate: 1971-2015  (Source: OECD and Federal Reserve Economic Data, Federal Reserve Bank of St. Louis)
-Given the U.K. unemployment rate data depicted in Figure 7.2, the approximate year of the peak of the boom was:

Quizplus · Accepted Answer

The peak of a boom in economic terms is characterized by low unemployment rates. Given that the question asks for the year with the peak of the boom, we look for the year with the lowest unemployment rate. Since the specific data from Figure 7.2 is not provided, the correct answer is based on historical economic trends in the U.K., where around 1989, the economy was at a peak before entering a recession in the early 1990s.

Refer to the Following Figure When Answering the Following Questions