GoalThe purpose of this assignment is to understand how business cycle indicators move together with real GDP and help us evaluate the US economy.PostPlease pick 5 economic indicators (see the list below – the business cycles indicators are also listed in your e-book) and find the data for these economic indicators for the last 15 years to include the 2007-09 recession.How do these economic indicators explain the changes in real GDP for these years?Your starting point is the historical chart for Real GDP for the last 15 years like the following:https://fred.stlouisfed.org/series/GDPC1 (Links to an external site.) (change the beginning date to January 2005)Then find the charts for each of the 5 indicators you pick for the same period (from 2005 to current) and explain the fluctuations in these indicators with respect to Real GDP. (The Federal Reserve Bank evaluates the changes in all these indicators to evaluate the overall economy but in this assignment you will be taking only 5 of them. I hope that each of you pick different ones and we will have a complete picture of the economy. )Start with the Real GDP chart and include all 5 charts for the same period (2005-2021) for the 5 business cycles indicators you pick. Explain how these indicators can be used together to evaluate the economic activity.Hint: Copy and past all your charts in one document, include your explanation and submit one file in the discussion.Below you will find the original source for each indicator but Federal Reserve Bank of St. Louis Economic Data (FRED) https://fred.stlouisfed.org/ (Links to an external site.)is a shortcut and it’s easier to find historical data on this website (Search FRED) for most of the indicators. I recommend that you spend some time and go to the original sources to experience finding data.
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