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SOLVED: The data in GDP are the seasonally adjusted quarterly U.S. GDP from 1947 to 2018-III. The growth rate is shown in Figure 1.4.Plot the data and compare it to one of the models discussed in Section 13.(b) Reproduce Figure 14 using your colors and plot characters (pch) of your own choice. Then, comment on the difference between the two methods of calculating the growth rate. Which of the models discussed in Section 1.3 best describes the behavior of the growth in U.S. GDP?Figure 1.4:8 8 888

SOLVED: The data in GDP are the seasonally adjusted quarterly U.S. GDP from 1947 to 2018-III. The growth rate is shown in Figure 1.4.Plot the data and compare it to one of the models discussed in Section 13.(b) Reproduce Figure 14 using your colors and plot characters (pch) of your own choice. Then, comment on the difference between the two methods of calculating the growth rate. Which of the models discussed in Section 1.3 best describes the behavior of the growth in U.S. GDP?Figure 1.4:8 8 888

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