UMUC ECON305 Data Exercise 1:

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UMUC ECON305 Data Exercise 1:

The purpose of the data exercises is to ensure that you are familiar with the methodology of collecting data from the web, and utilizing and analyzing it. These exercises include collecting the required data, creating one or more graphs that describe the causal relationships among two or more variables, and 2 to 3 double spaced pages of analysis of the data (including the graphs, but excluding the title page and the reference page).Data Exercise 1:

This data exercise focuses on specific relationships to GDP. Select one of the following as your paper topic:

1) Relationships between private consumption and Real GDP; or,

2) Relationships among the Consumer Price Index, the Producer Price Index and the GDP Deflator.

Remember to include proper citations and references using APA style. While you will create the graph(s), they will need a citation as to the source of the data used.

Everything should in one document. Therefore, do not put your graph(s) in a separate document from your analysis. Also start your report with an introduction, not with your graph(s). The data methodology description comes next, then the data presentation (the graph(s)) followed by the analysis. The paper should end with a concluding/summary paragraph. The references would be the last item, unless you have an appendix. The appendix follows the references and will contain their citations and references as needed.

Graph(s) may be put into an appendix if that works better for the flow of your paper. But if you do so, remember you must refer to the appendix in the appropriate place(s) in your report.