Plot the real GDP for the country over time and add an exponential trend line with its equation, which reflects the potential GDP. Analyze briefly your graph highlighting periods of recession and expansions, as well as finding the long run economic growth rate.
Tasks For all the tasks below only use quarterly or yearly data for at least 30 years. 1. (2 marks) Plot the real GDP for the country over time and add an exponential trend line with its equation, which reflects the potential GDP. Analyze briefly your graph highlighting periods of recession and expansions, as well […]