Question

1 Approved Answer

Posted on Jun 30, 2024

The objective is to work on the issue of the economic cycle using data from Puerto Rico: 1. From the data of the real Gross

The objective is to work on the issue of the economic cycle using data from Puerto Rico:

1. From the data of the real Gross Domestic Product (GDP) of Puerto Rico for the years 2011-2020, calculate the exchange rates of the real GDP for those years. (use provided tables)

2. From the data of the real Gross Product (PB) of Puerto Rico for the years 2011-2020, calculate the exchange rates of the real PB for those years. (use provided tables)

3. Draw the graphs of the previous data representing the values of the exchange rate of GDP and real GDP on the vertical axis and the years on the horizontal axis to observe their fluctuation.

4. Identify the periods of expansion and contraction in the period 2011-2020.

2011 2012 2013 2014 2015 2016 2017r 2018r 2019r 2020p Total a precios corrientes Total in current dollars (En millones de dolares) (In millions of dollars) Producto bruto 65,720.7 68,085.7 68,944.9 68,797.5 69,602.0 69,985.2 69,049.5 67,739.5 70,765.0 70, 186.9 Gross product Ingreso neto 51,037.6 54,207.0 55,390.4 55,378.6 55,994.6 56, 192.4 54,283.5 54,089.9 55,807.4 57,323.3 Net income Ingreso personal 61, 178.7 62,227.1 64, 159.7 63,115.7 63,756.3 63,600.7 64,863.0 70, 148.3 68, 163.2 71,080.0 Personal income Ingreso personal disponible 58,716.7 59,865.4 61,865.5 60,781.0 61,237.8 61,359.0 62,655.9 67,944.3 65,557.0 68,912.4 Disposable personal income Gastos de consumo personal 58, 154.8 60,897.0 62,477.6 61,899.4 61,640.5 60,979.4 62,453.8 63,453.0 66,956.4 65, 184.8 Personal consumption expenditures Producto interno bruto 100,351.7 101,564.8 102,450.0 102,445.8 103,375.5 104,336.7 103,445.5 100,925.0 104,914.6 103, 138.3 Gross domestic product nversion interna bruta de cap 9,605.1 10,356.1 9,672.7 9,031.3 8,804.3 8,304.3 8,256.1 15,233.3 15,028.8 11,877.3 Gross domestic fixed investment Total a precios constantes de 1954 Total at constant 1954 dollars (En millones de dolares) (In millions of dollars) Producto bruto 6,431.7 6,466.2 6,457.6 6,343.9 6,292.2 6, 191.5 5,991.9 5,730.5 5,831.3 5,643.9 Gross product ngreso personal (1) 10,068.2 10,015.5 10,235.3 9,846.0 9,726.1 9,529.6 9,411.3 9,969.9 9,532.0 9,251.6 Personal income (1) Ingreso personal disponible (1 9,663.0 9,635.4 9,869.3 9,481.8 9,341.9 9,193.7 9,091.1 9,656.7 9,167.5 8,969.5 Disposable personal income (1) Gastos de consumo personal 9,570.5 9,801.5 9,967.0 9,656.3 9,403.3 9, 136.3 9,061.5 9,018.7 9,362.7 8,484.4 Personal consumption expenditures Producto interno bruto 10,589.2 10,592.3 10,559.8 10,434.1 10,324.6 10, 194.2 9,900.0 9,489.4 9,630.3 9,254.4 Gross domestic product Inversion interna bruta de cap 1,464.8 1,542.3 1,424.0 1,337.3 1,279.1 1,222.8 1,311.0 2,078.7 2,095.5 1,631.5 Gross domestic fixed investment Per capita a precios corrientes Per capita at current dollars (En dolares) (In dollars Producto bruto 17,762 18,618 19,077 19,304 19,864 20,345 20,514 20,785 22, 156 n/d Gross product Ingreso neto 13,794 14,823 15,327 15,538 15,980 16,335 16,127 16,597 17,473 n/d Net income Ingreso personal 16,535 17,016 17,753 17,709 18,195 18,489 19,270 21,524 21,341 n/d Personal income ngreso personal disponible 15,869 16,370 17,118 17,054 17,477 17,837 18,614 20,848 20,525 n/d Disposable personal income Gastos de consumo personal 15,718 16,652 17,288 17,368 17,591 17,727 18,554 19,470 20,963 n/d Personal consumption expenditures Producto interno bruto 27,122 27,773 28,348 28,745 29,502 30,330 30,732 30,968 32,847 n/d Gross domestic product Per capita a precios constantes Per capita at constant de 1954 (En dolares) 1954 dollars (In dollars) Producto bruto 1,738 1,768 1,787 1,780 1,796 1,800 1,780 1,758 1,826 n/d Gross product ngreso personal 2,721 2,739 2,832 2,763 2,776 2,770 2,796 3,059 2,984 n/d Personal income Ingreso personal disponible 2,612 2,635 2,731 2,660 2,666 2,673 2,701 2,963 2,870 n/d Disposable personal income Gastos de consumo personal 2,587 2,680 2,758 2,709 2,684 2,656 2,692 2,767 2,931 7/d Personal consumption expenditures Producto interno bruto 2,862 2,896 2,922 2,928 2,947 2,963 2,941 2,912 3,015 n/d Gross domestic product2011 2012 2013 2014 2015 2016 2017r 2018r 2019r 2020p Otras estadisticas Other statistics Crecimiento en el producto bruto (%) Increase in gross product (%) A precios corrientes 2.2 3.6 1.3 (0.2) 1.2 0.6 (1.3) (1.9) 4.5 (0.8) At current prices A precios constantes (1.7) 0.5 (0.1) (1.8) (0.8) (1.6) (3.2) (4.4) 1.8 (3.2) At constant prices Ingreso personal promedio por familia (2) (En dolares) Average personal income per family (2) (At dollars) A precios corrientes 49,605 51,048 53,259 51,356 52,766 51,769 53,956 58, 116 57,621 n/d At current dollars A precios constantes de 195 8,163 8,217 8,496 8,013 8,050 7,756 7,829 8,260 8,058 n/d At constant 1954 dollars Numero promedio de personas Average number of persons por familia 3.0 3.0 3.0 2.9 2.9 2.8 2.8 2.7 2.7 2.8 per family Sueldos y jomales 25,268.5 25,522.0 25,710.0 25, 188.5 24,767.8 24,346.8 24,286.9 23,978.6 23,901.5 24,358.0 Salaries and wages (En millones de dolares) (In millions of dollars) Empleo, total Employment, total (En miles de personas) (3) 1,043 1,024 1,012 987 977 989 982 968 995 986 (In thousands of persons) (3) Productividad (En dolares) (4) 10,153 10,344 10,435 10,572 10,568 10,297 10,071 9,803 9,679 9,386 Productivity (In dollars) (4) Indice de precios al consumidor Consumer's price index para todas las familias (5) 111.8 114.7 115.7 116.8 116.4 116.2 116.9 118.8 119.4 119.4 for all families (5) Tasa de inflacion 1.8 2.6 0.9 0.9 (0.3) (0.2) 0.6 1.6 0.5 0.0 Inflation Rate Poblacion (En miles de person 3,700 3,657 3,614 3,564 3,504 3,440 3,366 3,259 3,194 n/d Population (In thousands of persons) (6)