Figure 5-1 Shows the Path of Real GDP Growth Over

question 28

Multiple Choice

Figure 5-1 shows the path of real GDP growth over time. Use the figure to answer questions .
-Refer to Figure 5-1. The peak of the business cycle occurs:

• A) between t₁ and t₃.
• B) at t₃.
• C) between t₂ and t₃.
• D) at t₂.

---

Definitions:

Production

The process of creating, manufacturing, or generating goods and services, often measured in terms of output or efficiency in an economic context.

Motorcycles

Two-wheeled vehicles that are powered by an engine, often used for transportation, recreation, or sport.

Manufacturing Sector

The segment of the economy dedicated to the production of goods through processing, transforming, or assembling raw materials.

Basic Materials

These are raw materials, including minerals, metals, and agricultural products, that are used in the production of goods across various industries.