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ProblemSet2-Assignment

ProblemSet2-Assignment - Problem Set 2 Assignment COMM 180...

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COMM 180 Problem Set 2 Gross Domestic Product Due: September 6, 2007 GDP = Consumption + Investments + Government Spending + Net Exports Problem 1: Graph the GDP (Gross Domestic Product) and its components from 1980 to 2007. Obtaining the Data: Go to the Federal Reserve Bank of St. Louis’s website ( http://research.stlouisfed.org/fred2/ ). Utilize the search bar at the top of the page to find the data sets (i.g. enter “GDPC1” for the Gross Domestic Product). Gross Domestic Product – GDPC1 Components: Consumption - PCECC96 Government Spending – GCEC1 Net Exports – NETEXC Investments – FPIC1 First download the GDP data set in Excel format. Then download each GDP component data set in Excel format. For each component data set, copy the appropriate values (excluding the dates) and paste them in the columns directly to the right of the GDP. This will allow side-by-side analysis. The Excel spreadsheet should look like this: Date GDP Consumption Government Net Exports Investments 1980-01-01 5221.3 3401.7 1120.8 -16.8 703.0 1980-04-01 5115.9 3325.8 1124.3 13.7 641.8 Continued through 2007 Using the data on the Excel spreadsheet, graph the Gross Domestic Product and each its components on the same graph from 1980 to 2007. Be sure to use the appropriate type of graph, label the axis, and title the graph. Graphing the data using Excel: 1. Highlight all the filled Excel cells (including the labels, required dates, GDP, and the components). 2. Click the Chart Wizard icon in the toolbar (it looks like a miniature bar graph).
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