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Material Detail

Analyzing the Elements of Real GDP in FRED Using Stacking

Analyzing the Elements of Real GDP in FRED Using Stacking

This online activity shows how to use FRED, the Federal Reserve's free online economic data website, to analyze changes in real gross domestic product (GDP) and GDP makeup over time. Following simple instructions, you will locate spending data for the individual components of real GDP, and then combine them into a highly informative area graph. You will also use FRED's ability to stack data and see how trade—imports and exports—contributes to GDP. The resulting customized graph will let you see how economic output varies from year to year.
Keywords:
GDP, Data Literacy, Gross Domestic Product
Disciplines:
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More about this material

Material Type:
Tutorial
Date Added to MERLOT:
February 11, 2020
Date Modified in MERLOT:
February 11, 2020
Author:
 
Submitter:
Adrienne Brennecke
Primary Audience:
Grade School, Middle School, High School, College General Ed, College Lower Division
Technical Format:
PDF
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Accessibility Information Available:
Yes
Creative Commons:
Creative Commons License
This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International

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