Step 1: Go to FRED database at https://fred.stlouisfed.org and search for the following data: \"Real Personal Consumption Expenditures\

Step l: GO to FRED database at https:/'/fred.stlouisfed.org and search for the following data: ' 'Real Personal Consumption Expenditures", ' 'Real Gross Private Domestic Investment", and "Real Gross Domestic Product" when obtaining ratios. (use these terms exactly, and then check that the data is as described above: seasonally adjusted, real, quarterly, etc.). Hint: for each figure Start by looking only for one Of the above series, such as consurnption or investment (do not plot GDP, since that is needed to obtain the ratios only in Figure 2), and then click Then click on it to obtain the plot. Again, make sure you are choosing the correct format Of the series. on "edit" to add addional data and to manipulate each series to obtain a ratio. Step 2: TO add the Other time series click on "add line" and specify the series that you want to add. Again, make sure to get the correct series (quarterly & seasonal adjusted). Step 3: For Figure 2: Convert each series to a ratio since the goal is to obtain "consumption to gdp ratio" & "investment to gdp ratio". TO do this you will need to have both Consumption and Investment in your figure (so basically as you did for Figure l), and then you will need to "customize the_data", which is done by first clicking on edit graph and then scrolling down to where it States ' 'customize the data". Follow the instructions on FRED (note that this is where you want to "add" real GDP and then write the formula to modify/customize the series and obtain the ratio; you will need to do that both for Consumption and for Investment). Check that you have quarterly data for all series before customizing. Lastly, when you customize data, at first your results on the figure may 100k Odd since the units Of the variables that are still in levels (in real S) are NOT the same as the units Of the variables that have been "customized" to ratios; so customize both C and I to get the right figure. Step 4. Download the figure. Step 5: provide a discussion Of the data (what you observe across time), how the two series differ in magnitude (In each figure), etc. Make sure to discuss the past as well as the last few quarters and to incorporate specific nunrical values into yournarrative "Ihe goal is to describe the data as you see it in the diagrarn; you don't need to explain any events that may have caused the movements. be 250 to 3m wolds.