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2. How much does real GDP growth vary over the business cycle? Use real GDP from the data table above to construct a graph from
2. How much does real GDP growth vary over the business cycle? Use real GDP from the data table above to construct a graph from 1947-present using LINE 1 and LINE 2. For LINE 1, plot the quarterly (Q) growth rate of real GDP by setting Units to "Compounded Annual Rate of Change." For LINE 2, plot the four-quarter (4Q) growth rate of real GDP by setting Units to "Percent Change from Year Ago." NOTE: The frequency will be "quarterly" for both lines.
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