What have forecast of economic growth done consistently? Economic growth patterns decreased sharply from 1990-1991. Then they rose sharply and gradually leveled off up until 1999. However, inflation dropped steadily from 1990-1999. It decreased sharply at first and then leveled off from 1994--1994.
1- It over estimated economics growth from1990-1998
2- Underestimated economic growth from 1990-1998
3- Overestimated economic growth from 1996-1999
4- Underestimated economic growth from 1996-1999
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how would you illustrate the impact of each the following event of a production possibilities graph for factory goods and farm goods
Based on the information provided, the forecast of economic growth consistently underestimated economic growth from 1990-1998 (option 2) and overestimated economic growth from 1996-1999 (option 3).
To determine whether the forecast of economic growth consistently overestimated or underestimated, we need to analyze the given data.
1. From 1990 to 1991, economic growth decreased sharply. However, there is no information provided about the forecasts during this period, so we cannot make any conclusions about overestimation or underestimation.
2. After the decrease in 1990-1991, economic growth rose sharply and gradually leveled off until 1999. During this period, if the forecasts consistently underestimated economic growth, it would imply that the actual growth was higher than what was predicted. However, the given data does not provide any evidence to support this claim.
3. In the case of inflation, it dropped steadily from 1990 to 1999. The data suggests that it decreased sharply at first, then leveled off from 1994 to 1994. However, there is no information provided about the forecasts for inflation, so we cannot determine whether they were accurate or not.
In summary, based on the given information, we cannot definitively determine whether the forecast of economic growth consistently overestimated or underestimated during the stated periods. The data provided only describes the actual economic growth and inflation patterns. To accurately answer this question, we would need access to the specific forecast data for each period.