First, retrieve the data file form the link of "http://www.bea.gov/national/xls/gdplev.xls"
Then plot Years (your X variable) against GDP in billions of current dollars GDP in billions of chained 2005 dollars (your Y variables) in Excel.
Then copy and paste your plot in a word file and attach to your discussion posting. In your discussion posting: Define "gross domestic product". Discuss what you see in the plot. 1. Over time what happens to GDP? 2. Over time do you see any fluctuations in GDP? 3. Over time, GDP in current dollars exceeds GDP chained 2005 dollars most of the time. Discuss the main reason for it.
Dear student Please accept the solution attached. If you... View the full answer