Given the data provided in the table below, calculate the missing values for productivity.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.4CE
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Given the data provided in the table below, calculate the missing values for productivity. (Enter your responses rounded to two decimal places.)
Productivity
2.50
Based on the productivity data, it appears the economy is in a(n)
Year
2005
2006
2007
2008
2009
2010
recession
expansion
Y
1,000
1,000
990
985
980
975
H
400
405
405
405
405
405
2.43
2.41
Transcribed Image Text:Given the data provided in the table below, calculate the missing values for productivity. (Enter your responses rounded to two decimal places.) Productivity 2.50 Based on the productivity data, it appears the economy is in a(n) Year 2005 2006 2007 2008 2009 2010 recession expansion Y 1,000 1,000 990 985 980 975 H 400 405 405 405 405 405 2.43 2.41
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