The Federal Reserve Bank of St. Louis offers a wide range of economic data at its Web site, called FRED (fred.stlouisfed
Posted: Thu May 19, 2022 9:06 am
The Federal Reserve Bank of St. Louis offers a wide range
of economic data
at its Web site, called FRED (fred.stlouisfed.org/). Use these data
to examine real GDP for Canada from
1960 to 2011.
a. Download annual data (CANRGDPR) on real GDP from 1960 to 2011.
Calculate the annual growth
rates, starting with 1960. Are there years in which real GDP
decreased? With what events are these years
associated?
b. Calculate the average rate of real GDP growth for the period
from 1960 to the most recent year
available. Calculate the average annual growth rate from 2008 to
2010. How does the growth rate during
this three-year period compare to the average growth rate from 1960
to 2011?
of economic data
at its Web site, called FRED (fred.stlouisfed.org/). Use these data
to examine real GDP for Canada from
1960 to 2011.
a. Download annual data (CANRGDPR) on real GDP from 1960 to 2011.
Calculate the annual growth
rates, starting with 1960. Are there years in which real GDP
decreased? With what events are these years
associated?
b. Calculate the average rate of real GDP growth for the period
from 1960 to the most recent year
available. Calculate the average annual growth rate from 2008 to
2010. How does the growth rate during
this three-year period compare to the average growth rate from 1960
to 2011?