-The Table Above Shows Japan's Real GDP Between 1991 to 2001

question 160

Essay

-The table above shows Japan's real GDP between 1991 to 2001.
a) Draw a figure with Japan's real GDP from 1991 to 2001.
b) In the previous 30 years, the growth rate of Japan's potential GDP was 6 percent a year. On your graph, show path that potential GDP would have followed if its GDP in 1991 was equal to potential GDP and the growth rate potential GDP had been maintained in 1991- 2001.
c) Show the Lucas wedge on your figure.

---

Definitions:

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Psychoanalytic Theory

A theory of personality development and the workings of the mind proposed by Sigmund Freud that emphasizes unconscious processes and childhood experiences.

Conscious Thought Patterns

The deliberate and aware sequence of thoughts or mental images that one can recognize and potentially control.

Superego

A part of the human psyche in Freudian psychoanalysis which acts as the moral center, overseeing the actions and thoughts dictated by the ego and id.