Actual and Potential GDP (a FRED question): Using the FRED database, locate the Congressional Budget Office’s measure of potential GDP by searching for ”GDPPOT”. Using the ”Add Data Series” option, add the series ”Real Gross Domestic Product (GDP1)” to this graph. Adjust the sliders to show the data from around 1985 to the present. (1) Display the graph. (2) Download a graph of the ”investment share of GDP” (for gross private domestic invest- ment) and display those data graphically since 1990. (3) How does this second graph help you understand the first graph in terms of the data since the Great Recession?
Actual and Potential GDP (a FRED question): Using the FRED database, locate the Congressional Budget Office’s measure of potential GDP by searching for ”GDPPOT”. Using the ”Add Data Series” option, add the series ”Real Gross Domestic Product (GDP1)” to this graph. Adjust the sliders to show the data from around 1985 to the present. (1) Display the graph. (2) Download a graph of the ”investment share of GDP” (for gross private domestic invest- ment) and display those data graphically since 1990. (3) How does this second graph help you understand the first graph in terms of the data since the Great Recession?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Actual and Potential GDP (a FRED question): Using the FRED database, locate the Congressional Budget Office’s measure of potential GDP by searching for ”GDPPOT”. Using the ”Add Data Series” option, add the series ”Real
(1) Display the graph.
(2) Download a graph of the ”investment share of GDP” (for gross private domestic invest- ment) and display those data graphically since 1990.
(3) How does this second graph help you understand the first graph in terms of the data since the Great Recession?
Note:-
- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
- You will get up vote for sure.
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