1. Using the FRED economic database find time series of real GDP for a country of your choice for at least the last 20 years and answer the following questions:

a.In which year(s) and the country have a recession if any?

b.What do you expect to happen to the unemployment rates during the recession? How about expansion?

c.Using FRED economic database find unemployment data for the same country and the same time period and support your answer with real data.

3. Use the following table to answer the following questions. Quantity of Price of Quantity of Year |Price of Burgers Burgers Magazines Magazines 2013 $4.00 100 $2.00 180 2014 $5.00 120 $2.50 200 a. Calculate GDP for 2013 and 2014 using 2013 as the base year. CS b. What is the economy's inflation rate? Scanned with Camscanner 4. What is the difference between investment in the economic terminology and daily language