Construct the following graphs for the US economy using the data from FRED, BEA, and BLS websites. Select the period from 1945 (subject to data availability) until the most recent year available. You have to create each graph three different times by utilizing the data from the three different websites. Be sure to indicate the source of data for each graph. Nominal GDP and real GDP levels on the same graph (two curves on the same graph) Real GDP growth rate Unemployment rate Price Index (CPI or GDP deflator) Inflation rate

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter19: Measuring Economic Performance
Section: Chapter Questions
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Construct the following graphs for the US economy using
the data from FRED, BEA, and BLS websites. Select the
period from 1945 (subject to data availability) until the
most recent year available. You have
to create each graph three different times by utilizing the
data from the three different websites. Be sure
to indicate the source of data for each graph.
Nominal GDP and real GDP levels on the same graph (two
curves on the same graph)
Real GDP growth rate Unemployment rate
Price Index (CPI or GDP deflator) Inflation rate
Transcribed Image Text:Construct the following graphs for the US economy using the data from FRED, BEA, and BLS websites. Select the period from 1945 (subject to data availability) until the most recent year available. You have to create each graph three different times by utilizing the data from the three different websites. Be sure to indicate the source of data for each graph. Nominal GDP and real GDP levels on the same graph (two curves on the same graph) Real GDP growth rate Unemployment rate Price Index (CPI or GDP deflator) Inflation rate
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