Australia | FRED | St. Louis Fed - Personal - Microsoft Edge X 8 https://fred.stlouisfed.org/categories/32269?at=gap&ob=pv&od=desc&t= Co A ECONOMIC RESEARCH Economic Research Resources v Switch Products v My Account v FRED Your trusted data source Search FRED ... since 1991. ECONOMIC DATA | ST. LOUIS FED Release Calendar FRED Tools . FRED News FRED Blog About FRED Filter by: Australia Concepts View All Categories > International Data > Countries Labor (495) Related Categories Rate (493) Discontinued (407) Bureau of Labor Statistics Bureau of Labor Statistics Pacific Labor Force 394) Industrialized Countries (41) Rim (42) Females (356) Add to Data List |Add to Graph Add To Dashboard Sort by Popularity Males (355) Employment 329) Unemployment (310) Interest Rates: 3-Month or 90-Day Rates and Yields: Bank Bills: Total for Australia 15 to 24 Years (215) Percent, Not Seasonally Adjusted 15 years and over (198) O Quarterly Q1 1968 to Q2 2022 (Sep 14) Geography Types O Monthly Jan 1968 to Aug 2022 (Sep 14) Nation O Annual (2,154) 1968 to 2021 (Sep 14) State (106)Real-Time Data Analysis Exercise Click the following link to view GDP data from FRED.* Then use that data to answer the following questions. (The 'FRED' link will take you directly to the Australian GDP data page on FRED. To answer the questions, you will need to either click on the individual series indicated in the problem or search for the series ID, and then you will need to click on the 'view data' link. There are a lot of data points, so be sure to select the value that corresponds to the date asked for in the exercise.) *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of St Louis, USA. For this exercise, you will need to enter data from FRED for quarterly current price (nominal) gross domestic product (AUSGDPNQDSMEI). The following table gives the GDP deflator for the second quarter of 2021 and 2022. Using data from FRED, enter the values for quarterly nominal GDP (Series ID: AUSGDPNQDSMEI) for the same two periods (shown as 2021 - 04-01 and 2022 - 04-01 in FRED). Note that the GDP deflator is rounded to one decimal place. (Enter your responses to the nearest dollar.) Period GDP Deflator Value 2021: Q2 117.0 $ 543, 152,000,000 2022: Q2 126.7 $ 609, 133,000,000 Complete the following table by using the data above to compute the real GDP for each period. (Enter your responses to the nearest dollar.) Period Real GDP 2021: Q2 $ 464,232,478,632 2022: Q2 $ 480,767,955,801 Growth in the economy is almost always measured as growth in the real GDP. Using the data in the preceding table, we can say that the growth rate of the economy from the second quarter of 2021 to the same quarter of 2022 was | per cent. (Enter your response rounded to one decimal place and employ a minus sign if necessary.)