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|7 points.] This question will require that you use the FRED database. The link is posted on il.earn. Your goal in this gquestion is to
|7 points.] This question will require that you use the FRED database. The link is posted on il.earn. Your goal in this gquestion is to obtain TWO diagrams with two variables (on the same graph). The first figure will have Personal Consumption Expenditure & Private Gross Investment, and the second figure will have the above variables expressed as % of GDP: 1.e. Consumption to GDP ratio & the Investment to GDP ratio. The figures use similar data, and both figures requires TWO series to be plotted on the SAME diagram. Note that to obtain the RATIOS you will need to use data on real Consumption, real Investment, AND real GDP; the ratios must be generated in FRED directly using the three series. Both ratios (Consumption to GDP ratio & Investment to GDP ratio) must be plotted on a single diagram. Lastly, a discussion of the data must be submitted along with your diagram. See below for further instructions. Before starting, I strongly recommend watching the video on Canvas on how to navigate the FRED website. Note: you are not required to do everything I do in the video; the video is designed to introduce students to FRED and to give you an idea what can be done when navigating FRED; it is not designed for this specific assignment, but it will be helpful to you. If you have questions you should email me or stop by my office hours. Data characteristics: Use data from 1970 to the present; seasonally adjusted; and at quarterly frequency. Figure 1: Plots Consumption and Investment (in ). Both time series must be plotted on a single diagram. Figure 2: Plots the Consumption to GDP ratio & Investment to GDP ratio (in %). Both time series must be plotted on a single diagram
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