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Real-Time Data Analysis Exercise* Price level (GDP deflator; 2012 = 100) 134.5 Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of
Real-Time Data Analysis Exercise* Price level (GDP deflator; 2012 = 100) 134.5 "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. 133.5- In the most recent quarter (the fourth quarter of 2022). 132.5- U.S. real GDP was $20.2 trillion, potential GDP was 131.5- $20.3 trillion, and the price level measured by the GDP deflator was 129.5. 130.5- 129.5- 128.5- 1. Illustrate the state of the U.S. economy in the fourth 127.5 quarter of 2022 by drawing a point that shows real GDP and the price level. 126.5- 2. Draw an aggregate supply curve for the fourth quarter of 2022. Label it AS. 125.5- 3. Draw a line that shows potential GDP in the fourth 124.5- quarter of 2022. Label it Potential GDP. 19.2 19.6 20.0 20.4 20.8 21. Real GDP (trillions of 2012 dollars) (21.2,135) >>> Draw only the objects specified in the
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