Examine real gdp for canada from 1960 to 2011

Assignment Help Macroeconomics

Reference no: EM133543768

Question. The Federal Reserve Bank of St. Louis offers a wide range of economic data at its Web site, called FRED (fred.stlouisfed.org/). Use these data to examine real GDP for Canada from 1960 to 2011.

a. Download annual data (RGDPNACAA666NRUG) on real GDP from 1950 to 2019. Calculate the annual growth rates, starting with 1950. Are there years in which real GDP decreased? With what events are these years associated? (2+2+2=6)

b. Calculate the average rate of real GDP growth for the period from 1950 to the most recent year available. Calculate the average annual growth rate from 2008 to 2010. How does the growth rate during this three-year period compare to the average growth rate from 1950 to 2019?

Reference no: EM133543768

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