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Economic Growth and Business Cycles: Using Data to Illustrate the Economic History of the US

Economic Growth and Business Cycles: Using Data to Illustrate the Economic History of the US

This Excel-based homework activity gives students the opportunity to work with real-world data to gain a deeper understanding of the ways in which economists use GDP, economic growth, business cycles and net exports data. Using historical data from the Bureau of Economic Analysis, students create graphs of growth rates over time, GDP over time, and net exports over time. They also calculate the value of net exports given import and export data....

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