wondra_Great_Depression_Statistics - Great Depression...

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Great Depression StatisticsWhat can we learn about the economy and the Great Depression from examining economic statistics?Directions:Review the chart below, using the definitions below the chart to help you interpret the data. Whenyou are done, answer the analysis questions for each column of data.YearNumber of BankSuspensionsUnemploymentRatePer CapitaPersonal IncomeReal GDP (in millionsof dollars)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 or permanently, by supervisingauthorities or by the bank’s boards of directors because the bank is having financial difficulties.Unemployment Rate:The unemployment rate is the percentage of the labor force that is willing and able towork, does not currently have a job, and is actively looking for employment. The labor force consists of peopleages 16 and over who are employed or actively seeking work.Per Capita Personal Income:Per capita personal income is the average annual income per person.Real GDP:Gross Domestic Product is the total market value of all final goods and services produced in aneconomy in a given year.

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