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. Using the data provided in the attached file plot a graph of the annualized quarter-to- quarter growth rates of Real GDP for both 2009
. Using the data provided in the attached file plot a graph of the annualized quarter-to- quarter growth rates of Real GDP for both 2009 and 2012 as the base years. Note: The annualized quarter-to-quarter growth rate of any variable X can be calculated as g X Xq-1 Xbox Aorgx = [In(X,) - In(X, 1)] x 4. where X , is the value of X in quarter q and In is the natural logarithm Remember that the question to be discussed is: "Should governments change the base year for real variable calculations? Pros and Cons of doing so and of choosing specific years
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