e67920e0fdd3dfe0c18f6a6f1e9a1020.docx - Group Member Hongtao Sun Yu yu Junxia Lin Lin Li Yuan Zhang I Please use FRED

# e67920e0fdd3dfe0c18f6a6f1e9a1020.docx - Group Member...

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Group Member: Hongtao Sun, Yu yu, Junxia Lin, Lin Li, Yuan Zhang I. Please use FRED: (Links to an external site.)Links to an external site. Plot GDP for the U.S. Gross Domestic Product from 1947 to present (quarterly, seasonally adjusted) Real Gross Domestic Product from 1947 to present (quarterly, seasonally adjusted) Define each series and explain the difference between real and nominal GDP. Graphs are showing the Gross domestic/ Real Gross Domestic product from 1947 to present the grey area is the recession period. The main difference between nominal and real values is that real values are adjusted for inflation

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2. Plot inflation for the U.S. Consumer Price Index: Total All Items for the U.S. from 1960 to present (annual, not seasonally adjusted) Personal Consumption Expenditures Excluding Food and Energy (Chain type Price Index): Total All Items for the U.S. from 1959 to present (Index 2012, seasonally adjusted, monthly)
Explain what the 2012 index means. Set 2012 as base year which means that the value of the index in 2012 is 100. Price of different year have to adjust by the deflator 3. Plot unemployment for the U.S: Civilian unemployment rate from 1948 to present (percent, seasonally adjusted, monthly)

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Total unemployed, as a percent of the civilian labor force for Iowa (U3UNEM3IA) from 2003 to present, not seasonally adjusted, quarterly Explain these two series.
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