The following table shows real GDP from 1991 through 1999 for a hypothetical economy. On a graph that measures real GDP on the vertical axis and time on the horizontal axis, plot real GDP using the data in the table. Draw in potential GDP and show the peak, recession, trough, and recovery phases of this business cycle. 
Definitions:
Union Group
A collective of workers formed to negotiate with employers for better terms of employment, such as wages and working conditions.
Divisional Structure
A type of organizational structure that groups together those employees who are responsible for a specific product type or market service according to workflow.
Expertise Focused
Concentration or specialization in a particular area of knowledge or skill.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
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