Question: Using annual data for nominal GDP and the GDP implicit price deflator, create a graph of real GDP with two lines: one in the constant

Using annual data for nominal GDP and the GDP implicit price deflator, create a graph of real GDP with two lines: one in the constant dollars of the year of your birth, one in the constant dollars of the current base year for official real GDP data. Plot the same data against a logarithmic scale. What do you notice about the gap between the two lines on the two graphs? Explain your findings.

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