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.
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Education Level:
6-8
,
9-12
,
College
,
Non-educators
Subjects:
Economics
,
STEM
,
Data Literacy
Concepts:
Gross Domestic Product/GDP
Resource Types:
Activity
,
Charts/Graphs
Languages:
English
