For this part of the project, you’ll collect data on real GDP
and potential GDP measures from the FRED website.
– Real GDP (GDPC1) AND Real Potential GDP (GDPPOT), 2007 –
current year
After that, answer all these questions.
1. What is the conceptual difference between real GDP and
potential GDP? In terms of the economy using their resources, what
does it mean if real GDP is less than potential GDP? What does it
mean if real GDP is greater...