Great Depression Statistics.docx - Close Read: Great...

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Close Read: Great Depression StatisticsCRObjectiveWhat can we learn about the economy and the GreatDepression from examining economic statistics?Directions:Review the chart below, using the definitions below the chart to help youinterpret the data. When you are done, answer the analysis questions for each column ofdata.YearNumber ofBankSuspensionsUnemployment RatePer CapitaPersonalIncomeReal GDP (inmillions ofdollars)19296593.2%$698$951.7193013528.9%$619$862.11931229416.3%$526$788.81932145624.1%$399$682.91933400425.2%$372$668.9Data; St Louis Federal Reserve BankBank Suspensions:Includes all banks closed to the public, either temporarily orpermanently, by supervising authorities or by the bank’s boards of directors because thebank is having financial difficulties.Unemployment Rate:The unemployment rate is the percentage of the labor force that iswilling and able to work, does not currently have a job, and is actively looking foremployment. The labor force consists of people ages 16 and over who are employed oractively seeking work.Per Capita Personal Income:Per capita personal income is the average annual incomeper person.Real GDP:Gross Domestic Product is the total market value of all final goods and servicesproduced in an economy in a given year.Bank Suspensions1)Between what years did the number of banks suspensions increase the most?

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Term
Spring
Professor
Keshia Medellin

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