Has the surge in E-commerce retail sales and goods during the COVID-19 pandemic contributed to an increase in the overall U.S. economy, or has the GDP decreased due to pandemic-related business restrictions that prevented in-person activities? Businesses turned to pandemic-proof E-commerce sales channels for basic survival as restrictions crept across the country. Please clarify the question by using the Quartely e-commerce retail sales report from the FRED database. 

 

Is there an inverse relationship between the indicator and GDP, or is it a proportional relationship between the two?

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The Quarterly Ecommerce Retail Sales report from the FRED database provides data on the total value ... View the full answer