Plot the growth rate of real GDP from 1960 to last year in three different ways: (1)

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Plot the growth rate of real GDP from 1960 to last year in three different ways: (1) annualized quarterly growth rates, (2) quarterly data using the percent change from a year ago, and (3) quarterly data using the percent change from the previous quarter. How do the three series differ? Which measure is least volatile? Which measure is the most volatile?

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Related Book For  book-img-for-question

Macroeconomics

ISBN: 9780137876037

11th Edition

Authors: Andrew B Abel

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