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Go to the FRED database: download All Employees, Total Nonfarm (need to multiply by 1000) and Real GDP Domestic Product (multiply by 1 billion). Calculated

Go to the FRED database: download All Employees, Total Nonfarm (need to multiply by 1000) and Real GDP Domestic Product (multiply by 1 billion). Calculated labor productivity of employed people. Plot the data and explain what you are observing. Is labor productivity the same across time? During what time periods labor productivity increases or decreases? (Period: 1950s to 2020).

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