Real-Time Data Analysis Exercise* *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Using data from the St. Louis Federal Reserve, analyze the relationship beteen GDP and the Case-Shiller price index of houses, shown in the figure to the right. GDP is the series ID for nominal GDP. SPCS20RNSA is the series ID for the Case-Shiller price index. Click the following link to view the GDP data from FRED Plot the percent change in GDP and the percentage change in the Case-Shiller price index of houses from 2001 to the present. The percent change from a year ago in GDP for April of 2024 (shown as 2024-04-01 in FRED) was 7.27 %. (Round your response to two decimal places.) The percentage change from a year ago in the Case-Shiller price index of houses for April of 2002 (shown as 2002-04-01 in FRED) was 7.48 %. (Round your response to two decimal places.) Index of house prices (Jan. 2000-100) 400- Q Q 350- 300- 250- 200- 150- 100- 50- 20002002200420062008201020122014201620'18202020222024 ♫

Real-Time Data Analysis Exercise* *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Using data from the St. Louis Federal Reserve, analyze the relationship beteen GDP and the Case-Shiller price index of houses, shown in the figure to the right. GDP is the series ID for nominal GDP. SPCS20RNSA is the series ID for the Case-Shiller price index. Click the following link to view the GDP data from FRED Plot the percent change in GDP and the percentage change in the Case-Shiller price index of houses from 2001 to the present. The percent change from a year ago in GDP for April of 2024 (shown as 2024-04-01 in FRED) was 7.27 %. (Round your response to two decimal places.) The percentage change from a year ago in the Case-Shiller price index of houses for April of 2002 (shown as 2002-04-01 in FRED) was 7.48 %. (Round your response to two decimal places.) Index of house prices (Jan. 2000-100) 400- Q Q 350- 300- 250- 200- 150- 100- 50- 20002002200420062008201020122014201620'18202020222024 ♫

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Taking The Nation's Economic Pulse

Section: Chapter Questions

Problem 6CQ

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