1.Using data from the St. Louis Federal Reserve (https://fred.stlouisfed.org/) (or other sources but you need to cite the source of the data), analyze real GDP,

1. Find the most recent values and values from one year earlier for nominal Gross Domestic Product (GDP) and the GDP Implicit Price Deflator.
2. Using the data from above, compute the real GDP for the most recent period and for the period one year earlier.
3. Growth in the economy is usually measured as growth in real GDP. Using the two computed real GDP values, find the growth rate of the economy from the first period to the second period.
4. Using the result in (a), calculate the inflation rate for the most recent year.