Assume that consumption grows per person at $108 per year on average. Also assume
each time period, t, represents a quarter. Fill in the missing values in the following table.
Note: Enter only the number with the negative sign if needed. Do not include a space
between the number and the negative sign. Do not enter commas or dollar signs. Doing
so will lower your score.
Period
Consumption
t
$3,0000
Trend
$3,000
Cycle
0
t+1
3,031
t+2
8
t+3
3,093
t+4
3,104
t+5
-8