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8. Go to the Federal Reserve Economic Database (FRED) website (https:/ /fred.stlouisfed.org) and look up data for quarterly real GDP (GDPC1) and quarterly real Potential
8. Go to the Federal Reserve Economic Database (FRED) website (https:/ /fred.stlouisfed.org) and look up data for quarterly real GDP (GDPC1) and quarterly real Potential GDP (GDPPOT) during the period 2000-01-01 to 2016-10-01. Complete the following table: % Change % Change % Change Series 2000/01/01 to 2008/01/01 to 2010/01/01 to 2007/10/01 2009/10/01 2016/10/01 real GDP (GDPC1) real Potential GDP (GDPPOT) a. Create a graph that overlays both quarterly real GDP and quarterly real Potential GDP during the period 2000-01-01 to 2016-10-01. Compare this graph with the graph below, which displays the quarterly civilian unemployment rate and quarterly natural unemployment rate during the period 2000-01-01 to 2016-10-01. Explain what you observe
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