Real-Time Data Analysis Exercise

Click the following link to view GDP/GNP data from

FRED.*

Then use that data to answer the following questions.

LOADING...

*Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis.

For this exercise you will need to enter data from FRED for real GDP

(Series

ID:

GDPC1)

and real potential GDP

(Series

ID:

GDPPOT).

Using data from FRED, enter the values in the following table for the latest observation of real GDP

(second quarter

of

2021)

and for the value of real potential GDP

ten

years forward

(second quarter

of

2031).

Note that these two periods are shown respectively, as

20210401

and

20310401

in FRED.

(Enter

your responses rounded to two decimal

places.)

Real GDP (billions of dollars) Second quarter/2021	Real Potential GDP (billions of dollars) Second quarter/2031
$nothing	$nothing