Answered step by step
Verified Expert Solution
Question
1 Approved Answer
GDP.txt: https://www.cse.msu.edu/~cse231/Online/Projects/Project03/GDP.txt Assignment Background We collected national GDP (Gross Domestic Project) data from the Bureau of Economic Analysis (part of the U.S. Department of Commerce)
GDP.txt: https://www.cse.msu.edu/~cse231/Online/Projects/Project03/GDP.txt
Assignment Background We collected national GDP (Gross Domestic Project) data from the Bureau of Economic Analysis (part of the U.S. Department of Commerce) for the years 1969 through 2015. The GDP is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy. When the economy is healthy GDP is increasing, but if GDP is decreasing, that can indicate problems. Therefore, the change in GDP is useful to examine and that is the goal of this project We put the data in a file named GDP.txt that is available in the project directory. The file contains data on the annual change in GDP which may be positive or negative and the GDP value itself for each of the years 1969 through 2015 If you are interested in where we got our data, here is the link: http://www.bea, gov/iTable/iTable. cfr? Regl D=9&step= l #regid=9& step= l & isuril (One note about the data. GDP data gets adjusted in a variety of ways. I have extracted two tables from a few thousand lines of tables in the original file. If you try to derive the annual change in GDP from the data on line 44, t will differ by as many as a few percentage points from the change data we are using from line 9. That is, some adjustments are being done that we are ignoring for this assignment) Assignment Specifications The lines of interest in the file GDP.txt are the 9th line which has the annual change in GDP and the 44th line which has the value of GDP for each year. The data starts in column 76 and each of the 47 data items spans 12 columns (there are 47 years inclusively from 1969 through 2015). These numbers Assignment Background We collected national GDP (Gross Domestic Project) data from the Bureau of Economic Analysis (part of the U.S. Department of Commerce) for the years 1969 through 2015. The GDP is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy. When the economy is healthy GDP is increasing, but if GDP is decreasing, that can indicate problems. Therefore, the change in GDP is useful to examine and that is the goal of this project We put the data in a file named GDP.txt that is available in the project directory. The file contains data on the annual change in GDP which may be positive or negative and the GDP value itself for each of the years 1969 through 2015 If you are interested in where we got our data, here is the link: http://www.bea, gov/iTable/iTable. cfr? Regl D=9&step= l #regid=9& step= l & isuril (One note about the data. GDP data gets adjusted in a variety of ways. I have extracted two tables from a few thousand lines of tables in the original file. If you try to derive the annual change in GDP from the data on line 44, t will differ by as many as a few percentage points from the change data we are using from line 9. That is, some adjustments are being done that we are ignoring for this assignment) Assignment Specifications The lines of interest in the file GDP.txt are the 9th line which has the annual change in GDP and the 44th line which has the value of GDP for each year. The data starts in column 76 and each of the 47 data items spans 12 columns (there are 47 years inclusively from 1969 through 2015). These numbersStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started