HW1_(Jan_31_2011)

HW1_(Jan_31_2011) - Econ 352 Intermediate Macroeconomics...

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Econ 352 YiLi Chien Intermediate Macroeconomics Spring 2011 Homework Assignment 1 Due on January 31st Question 1: Data The purpose of first question is let you have the ability to find some macro data on web. It is quite an important skill to be able to search and find appropriate data on the web. Please write clearly and concisely, show your work and label properly your plots. a. (20 pts) Go to the BEA web page ( http://www.bea.gov/national/nipaweb/SelectTable.asp?Selected=N ) and get data for annual U.S. GDP 1929-2009 (look for table 1.1.5 and 1.1.6. Be smart and download the data, NOT copy them by hand). Plot the data both for real and nominal values (in two different plots!). What do you see? Can you identify any historical episode in the series? Which of the two plots do you think is more informative? b. (10 pts) Do the same with consumption, investment and government consumption (only for real values). Compared annual data of consumption and GDP, what do you find here? Hint: try to search the right data in the same webpage as in part (a).
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HW1_(Jan_31_2011) - Econ 352 Intermediate Macroeconomics...

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