6. Plot the growth rate of real GDP from 1960 to last year in three different ways:...

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6. Plot the growth rate of real GDP from 1960 to last year in three different ways: (1) annualized quarterly growth rates, (2)

quarterly data using the percent change from a year ago, and (3)

quarterly data using the percent change from the previous quarter. How do the three series differ? Which measure is least volatile? Which measure is the most volatile?

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Macroeconomics

ISBN: 9780134896441

10th Edition

Authors: Andrew Abel, Ben Bernanke, Dean Croushore

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