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I NEED THE ANSWERS ASAP!!!!!!! PLEASE!!!!!!!!!! THANK YOU !!!! D10.1 [Analyzing real GDP over the business...

I NEED THE ANSWERS ASAP!!!!!!! PLEASE!!!!!!!!!! THANK YOU !!!!

D10.1 [Analyzing real GDP over the business cycle] Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).

a. Find the values for the most recent quarter for the following three variables: (1) Nominal Gross Domestic Product (GDP), (2) Real Gross Domestic Product (GDPC1), and (3) Real Potential Gross Domestic Product (GDPPOT).

b. Using the data from part (a), calculate the GDP Price Deflator for the most recent quarter.

c. Calculate for this quarter the percentage difference between real GDP and potential GDP.

P.S. (Need information for 2020 Q1, please!) thanks a lot!!!

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Answer #1

1.)

  • Nominal Gross Domestic Product (GDP): 21,539,689
  • Real Gross Domestic Product (GDPC1): 18,977,363
  • Real Potential Gross Domestic Product (GDPPOT): 19,197,590

2.)

%

3.)

%

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