Question
LINK NEEDED:https://www.wsj.com/articles/us-economy-gdp-report-second-quarter-coronavirus-11596061406 answer the questions below: 4. Draw a standard PPF graph for the U.S. economy representing the following paragraph from the article. Name the
LINK NEEDED:https://www.wsj.com/articles/us-economy-gdp-report-second-quarter-coronavirus-11596061406
answer the questions below:
4. Draw a standard PPF graph for the U.S. economy representing the following paragraph from the article. Name the graph as USC (draw arrows in the graph to signal movement from one point to another if needed):
Consumer spending fell at a 34.6% annual rate, amid sharp decreases in spending on services like health care, recreation and food.
5. Draw a standard PPF graph for the U.S. economy representing the following paragraph from the article. Name the graph as USU (draw arrows in the graph to signal movement from one point to another if needed):
Business spending on software, research and development, equipment and structures fell at a 27% annual rate.
6. Draw a standard PPF graph for the U.S. economy representing the following paragraph from the article. Name the graph as USU (draw arrows in the graph to signal movement from one point to another if needed):
Consumer confidence sank to 92.6 in July from 98.3 in June, as consumers became less optimistic about the short-term outlook for the economy and labor market.
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