Question: Plot the level of real GDP (FRED code: GDPC1). Then, plot the rate of economic growth as the percent change from a year ago of

 Plot the level of real GDP (FRED code: GDPC1). Then, plot

Plot the level of real GDP (FRED code: GDPC1). Then, plot the rate of economic growth as the percent change from a year ago of this index. Describe how real GDP behaves in recessions, which are denoted in the FRED graph by vertical shaded bars. If you registered on FRED (as in Data Exploration Problem 1 on the previous page), save the graph so that you can recall and update it easily when new observations become available. Plot the level of real GDP (FRED code: GDPC1). Then, plot the rate of economic growth as the percent change from a year ago of this index. Describe how real GDP behaves in recessions, which are denoted in the FRED graph by vertical shaded bars. If you registered on FRED (as in Data Exploration Problem 1 on the previous page), save the graph so that you can recall and update it easily when new observations become available

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