Download and graph gross domestic product (GDP) and gross national product (GNP) in 2012 dollars for 1929 to 2020.

Hint: to get the data, go to http://www.bea.gov, click Gross Domestic Product, click Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables, click: Begin using the data..and then click: SECTION 1 - DOMESTIC PRODUCT AND INCOME. Choose table 1.7.6. Download annual data from 1929 to 2020.

1)Graph both GDP and GNP for 1929 to 2020 on the same graph. (Just hand in the graph, no need to hand in the raw data).

2)Calculate the percentage growth rate in GNP in each of the years 1930-2020 from the previous year, using the definition of growth rate. Graph percentage growth rate in GNP in a separate graph. (Just hand in the graph, no need to hand in the raw data).

3)What is GDP and GNP in 2020? Is there much difference in these two measures for aggregate economic activity for the United States? Calculate percentage growth rate in GNP in 2020 by hand and show all your steps by hand.