Table 1 on Page 95 of the textbook contains 2018 data on GDP and its four components. Your task is to use the Federal Reserve Bank of St. Louis Economic Data (FRED) to update all entries in Table 1 for 2019 and explain how each has changed since 2018. Based on the comparison between 2018 and 2019, what's your assessment of the health of the economy in 2019 relative to 2018?

FRED is an extensive database on domestic and international macroeconomic, financial and banking data. You can access it using this link to the FRED website.

You can enter the name of the variable you want data on in the Search dialog box. For example, you can enter "real GDP." Once you get to the page with data on your chosen variable, simply click on the series title (choose the "seasonally adjusted" option below the title if there is one). The next screen that pops up allows you to "download" the data and you can choose the time period for the download. You should choose to start the download with January 2019 through December 2019.

Link https://fred.stlouisfed.org

Table...

ebooks.cenreader.com C + 88 H E D2L in LinkedIn D2L 2.2 Project Time: Federal Reserve Ba. Federal Reserve Economic Data | FRE... C Ebooks - Cengage eReader Create a New Study Set | Quizlet Homework Help - Q&A from Online T... ? MAGHOCS eTextbook: Brief eTextbook: Brief Principles of Macroeconomics Quick Tour Print Search Annotations Accessibility Bookmark Principles of Macroeconomics Table 1 GDP and Its Components Cover Page Title Page This table shows total GDP for the U.S. economy in 2018 and the breakdown of GDP Copyright Page among its four components. When reading this table, recall the identity Y =C+I+G+NX. Dedication About the Author Per Total Person Preface: To the Instructor iv Percent (in billions of of Total (in Acknowledgments xii dollars) dollars) Preface: To the Student xiv Gross domestic $20,501 $62,609 100% 1. Introduction product, Y 2. How Markets Work Consumption, C 13,952 42,609 68 3. The Data of Macroeconomics Investment, I 3,652 11,154 18 Chapter 5. Measuring a 86 Government purchases, 3,523 10,758 17 Nation's Income G 5-1. The Economy's Income 89 and Expenditure Net exports, NX -626 -1,911 -3 5-2. The Measurement of 90 GDP Source: U.S. Department of Commerce. Parts may not sum to totals due to rounding. 5-3. The Components of 93 GDP Consumption made un 68 percent of GDP. or $42.609 ner nerson. Investment was $11.154 ner Jump to Page 95 Go PREVIOUS PAGE NEXT PAGE 5-3c. Government Purchases 5-4. Real versus Nominal GDP