Using Figure 14.12 (Problem 6), what is the total change in benefits at the time the recession ended, as compared with the previous year?

Data from Problem 6

Consider the graph shown in Figure 14.12.

Figure 14.12

a. How many types of payments are tracked? Can you think of any other payments that might have been included? If so, why do you think they have not been included?

b. In January 2009 the red and blue graphs seem to be about 25 on the vertical scale. What does this number represent?

c. Late in 2010 one curve crosses -20 on the vertical scale. What does this represent?

d. In which year(s) were the various networks tracked? 2009-2012 What do you suppose the " 01 " and " 07 " after the years represents?

e. Which payments had the highest (and when) change from the previous year? Unemployment in July 2009 reached a \(\$ 98\) billion increase over the previous year.

Transcribed Image Text:

(Change from year ago, billions of dollars) Government social benefits to persons - Medicaid (W729RCI) Government social benefits to persons - Medicare (W824RCI) Government social benefits to persons - Social Security (W823RC1) Government social benefits to persons - Unemployment insurance (W825RC1) 100 90 80 70 60 50 40 30 20 10 0 -10 -20 -30 -40 -50 -60 W729RCI W824RC1 W823RC1 W825RCI 2009-01 2009-07 2010-01 2010-07 2011-01 2011-07 2012-01