Click the following link to view nominal GDP data from FRED. Then use that data to...
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Click the following link to view nominal GDP data from FRED. Then use that data to answer the following questions. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. For this exercise you will need to enter data from FRED for nominal gross domestic product (GDP). The following table gives the GDP deflator for the second quarter of 2023 and 2022. Using data from FRED, enter the values for nominal GDP (Series ID: GDP) for the two periods (shown as 2023-04-01 and 2022-04-01 in FRED). (Enter your responses exactly as they appear in FRED.) Period 2023: Q2 GDP Deflator 131.52 Value $ bil. Click the following link to view nominal GDP data from FRED. Then use that data to answer the following questions. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. For this exercise you will need to enter data from FRED for nominal gross domestic product (GDP). The following table gives the GDP deflator for the second quarter of 2023 and 2022. Using data from FRED, enter the values for nominal GDP (Series ID: GDP) for the two periods (shown as 2023-04-01 and 2022-04-01 in FRED). (Enter your responses exactly as they appear in FRED.) Period 2023: Q2 GDP Deflator 131.52 Value $ bil.
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