FRED Stacking GDP Assignment -- 2
Budget: $10 – $30 USD
Follow the directions in FRED GDP Stacking.pdfPreview the document (new file added) to produce your own graph of GDP for the United States & Sweden
DO NOT WORRY IF THE DATES ARE NEWER IN THE DATA SET. FRED USES THE LATEST DATA, SO THE SERIES IDS WILL CHANGE.
Please upload your graph (as a .pdf) and data (as .xls).
Then answer the following questions:
1. Study the graph and describe how anyone component changed over time.
2. The graph shows that U.S. net exports have been negative since the mid-1970s. Suggest two or more reasons why Americans spend more on foreign goods and services than foreigners spend on U.S. exports.
3. The gray bars on your graph show recessions (periods of declining real income and rising unemployment, a significant decline in general economic activity extending over a period of time). Since 1947 there have been 11 such periods in the United States. Do you see a pattern in private firms’ spending before and during a recession? Why or why not?
4. What possible explanations there are for the changes in the share government spending contributes to real GDP?
DO NOT WORRY IF THE DATES ARE NEWER IN THE DATA SET. FRED USES THE LATEST DATA, SO THE SERIES IDS WILL CHANGE.
Please upload your graph (as a .pdf) and data (as .xls).
Then answer the following questions:
1. Study the graph and describe how anyone component changed over time.
2. The graph shows that U.S. net exports have been negative since the mid-1970s. Suggest two or more reasons why Americans spend more on foreign goods and services than foreigners spend on U.S. exports.
3. The gray bars on your graph show recessions (periods of declining real income and rising unemployment, a significant decline in general economic activity extending over a period of time). Since 1947 there have been 11 such periods in the United States. Do you see a pattern in private firms’ spending before and during a recession? Why or why not?
4. What possible explanations there are for the changes in the share government spending contributes to real GDP?