1. Graph US GDP Nominal (current dollar) data 2. Graph US GDP Real Data (chained 2009 dollars) - Sight a Long Run Trend Line* 3. Graph US GDP Nominal Percent Change Data 4. Graph US GDP Real Percent Change Data 5. Graph US Employment Data 6. Is There a Relation Between the Business Cycles in Question 3 and Unemployment Trends in Graph 6? *A trend line is a straight line that cuts between the peaks and valleys of a cyclical graph. It is a mathematical approximation of the average and is expressed as LRT = a + by, where a is the inter and bis the slope of the line. EXCEL has a trend line function, if you feel adventurous. GDP percen GDP t percen chang t GDP in change GDP in billions based based billions of on on Unemploy me of chained curren chaine nt Rate current 2009 t d 2009 Annual dollars dollars dollars dollars Average 12,065. 1999 9,660.6 1997 6.3 4.7 4.2 10,284. 12,559. 2000 7 2000 6.5 4.1 4.0 10,621. 12,682. 2001 2001 3.3 1.0 4.7 10,977. 12,908. 2002 5 2002 3.3 1.8 5.8 11,510. 13 271. 2003 7 1 2003 4.9 2.B 6.0 12,274. 13773. 2004 5 2004 6.6 3.B 5.5 13093. 14,234. 2005 2005 6.7 3.3 5.1 13,855. 14,613. 2006 2006 5.8 2.7 4.6 14,477. 14,873. 2007 7 2007 4.5 1.8 4.6 14 718. 14,830. 2008 2008 1.7 -0.3 5.8 14,418. 14,418. 2009 7 2009 -20 -28 9.3 14,964. 14,783. 2010 4 8 2010 3.8 2.5 9.6