Essay
Find data for real GDP (Yt)for the United States for the time period 1959:I (first quarter)to 1995:IV. Next generate two growth rates: The (annualized)quarterly growth rate of real GDP
[(lnYt - lnYt-1)× 400] and the annual growth rate of real GDP [(lnYt - lnYt-4)× 100]. Which is more volatile? What is the reason for this? Explain.
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