Explain how long was the contraction

Question

Find the change in Real GDP per capita.

The information below describes the real GDP per capita for the country of Utopia for the period of 1975 to 1991.

1.  
   1. If a new business cycle began in 1975, explain how long was this cycle?
   2. The peak occurred in which yr? The trough occurred in which yr?
   3. Explain how long was the expansion? Explain how long was the contraction?
   4. Compute change in Real GDP per Capita (Complete the table below)

Yr	Real GDP per Capita	Change in Real GDP per Capita
1975	6,000
1976	6,300
1977	6,700
1978	7,200
1979	7,850
1980	8,250
1981	8,450
1982	8,550
1983	8,575
1984	8,510
1985	8,370
1986	8,100
1987	7,950
1988	7,925
1989	7,960
1990	8,035
1991	8,155