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Obtain real GDP data from FRED for the past 6 years. Calculate the GDP growth rates using the two methods discussed in class. First apply

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Obtain real GDP data from FRED for the past 6 years. Calculate the GDP growth rates using the two methods discussed in class. First apply annualization method. Then, calculate the GDP growth rate using the standard formula for percentage change and using WDI's yearly real GDP data for the U.S. By using both methods, you will have created two series of year-over-year GDP growth rates. Observe any differences between the two series. Calculate the GDP deflator using real GDP and nominal GDP data from FRED for the recent years. Include links to the FRED variables used in your answer. It is recommended to use Excel. Your results should be presented in a Word document or PDF file (not in Excel), and include the names of any group mates you collaborated with (groups can have a maximum of 3 members). Deadline for submission: Thursday, February 9th, 11:59 PM. Deadline extended to Monday, Feb 13, 11:59 PM

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