a. Find the values for the most recent quarter and the same quarter one year ago for nominal Gross Domestic Product (GDP) and the GDP Implicit Price Deflator (GDPDEF)
b. Use these values to calculate real GDP for the most recent quarter and for the quarter one year ago.
c. Use the two real GDP values to calculate the real growth rate of the economy during this year.
Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).