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 effects of a positive supply shock. The U.S. economy experienced a supply shock with the spread of information communication technology and the Internet after 1995. Click the following link to view the Personal Consumption Expenditure price index data from FRED. Using the Series ID PCEPI, plot the the inflation rate from 1982 to 2007 as the percentage change in the Personal Consumption Expenditure price index from the same month in the previous year. P₁ The inflation rate for March of 2023 (shown as 2023-03-01 in FRED) was %. (Round your answer to two decimal places.) The inflation rate for August of 1979 (shown as 1979-08-01 in FRED) was %. (Round your answer to two decimal places.) Price level Q AS Q AD Output

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 effects of a positive supply shock. The U.S. economy experienced a supply shock with the spread of information communication technology and the Internet after 1995. Click the following link to view the Personal Consumption Expenditure price index data from FRED. Using the Series ID PCEPI, plot the the inflation rate from 1982 to 2007 as the percentage change in the Personal Consumption Expenditure price index from the same month in the previous year. P₁ The inflation rate for March of 2023 (shown as 2023-03-01 in FRED) was %. (Round your answer to two decimal places.) The inflation rate for August of 1979 (shown as 1979-08-01 in FRED) was %. (Round your answer to two decimal places.) Price level Q AS Q AD Output

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section: Chapter Questions

Problem 22AA

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Refer to the data file to answer the following questions. 1. Calculate the Gross Domestic Product (GDP) at current prices for each quarter.
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The following table reports 2018 transactions that occurred in the United States. Prices in 2018 and 2016 (base year) are also given. Use the worksheet to answer questions below. Please make sure to show any formulas you used, calculations and your work. i. Which of the listed transactions should not be used in U.S. GDP calculation? Please include one reason for each transaction you think should not be included in U.S. GDP calculation. ii. Based on the transactions you decided to include in U.S. GDP, calculate nominal GDP in 2018. ii. Based on the transactions you decided to include in U.S. GDP, calculate real GDP in 2018. iii. Calculate the GDP Deflator in 2018. Price per Unit in Price per Unit Quantity in Item 2016 in 2018 2018 (Base Year) Bottles Wine from France $15 $20 10 Boxes of Cereal produced in Battle Creek, MI $5 $4 20 Used Tires $12 $15 5 Shares of Twitter Stock $8 $10 15 Hours of Swimming Lessons at the Y in $4 $6 8 Kalamazoo, MI GDP deflator in 2018 was... Answer:
Suppose you have an extra six months of data on demands and prices, in addition to the data in the example. These extra data points are (350,84), (385,72), (410,67), (400,62), (330,92), and (480,53). (The price is shown first and then the demand at that price.) After adding these points to the original data, use Excel’s Trendline tool to find the best-fitting linear, power, and exponential trend lines. Then calculate the MAPE for each of these, based on all 18 months of data. Does the power curve still have the smallest MAPE?
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13. List the basic trend patterns within the projection methods and determine which is the most commonly used when analyzing demand.
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please also do the graph part of the question. thnkyouuuuuuuu
Real-Time Data Analysis Exercise Use the links in the table below to access the data series on FRED used in this exercise*. Then use that data to answer the following questions. 1 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. For this exercise you will need to enter data from FRED for Gross Domestic Product (GDP) and Gross National Product (GNP). Using the data from FRED, enter the values for the third quarter of 2020 (shown as 2020 – 07 - 01 in FRED) for the following series IDs. (Enter your answers exactly as they appear on FRED.) Title Series ID Value Gross Domestic Product GDP $ billion Gross National Product GNP $ billion
Explain the purpose of trend line
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