Hi can you help me ?

1. Referring to the figures below, 1.0 80 gap-gth BPERMITS-YOY 0.8 - 60 0.6 0.4 40 0.2 CROSS CORRELATION RATE (%/year) 0.0 -0.2 -20 -0.4 -0.6 -40 rel. vol. = 9.4 -0.8 -60 -1.0 1960 1970 1980 1990 2000 2010 2020 -8 - 6 -4 -2 0 6 LAG (quarters) Source: FRED / BEA TIME (year) characterize the relationship between the growth rate of GDP and the growth rate of building permits (BPERMITS-YOY) in terms of the following items: . Timing. . Direction. . Volatility. Include a brief description of each item in this list in your characterization