The Great Recession began in December 2007 and ended in June 2009. The Dow Jones Industrial Average was 13,407 at the beginning of the Great Recession. What was the Dow Jones Industrial Average in June 2009 if it fell 36%

Question

Social Studies

Riya Preston

6 March, 18:00

The Great Recession began in December 2007 and ended in June 2009. The Dow Jones Industrial Average was 13,407 at the beginning of the Great Recession. What was the Dow Jones Industrial Average in June 2009 if it fell 36%

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Answers (2)

Know the Answer?

Alyvia Jefferson · Answer 1

8580.48

Explanation:

In December 2007 = 13407

percentage growth = - 36% (this is because the price fell by 36%)

In June 2009 = ?

The Dow Jones industrial average at different times of the year had different prices due to the recession

therefore In June 2009 Dow Jones would be

= 13407 - (36% * 13407)

= 13407 - (0.36 * 13407)

= 13407 - 4826.52

= 8580.48

Juliana · Answer 2

8,580

Explanation:

Since The Dow Jones Industrial Average is 13,407 at the beginning of the Great Recession.

Hence, in the question it was stated that, the Dow Jones Industrial Average fell by 36%

Therefore, to get the present Dow Jones industrial age, it will be calculated as

36% * 13,407

= 36/100 * 13,407

= 4826.52

Therefore, 13407 - 4826.52

= 8580.48 ~ 8580

Hence, the Dow Jones Industrial Average in June 2009 is 8,580