Head to the FRED website and do a search for Florida state’s per capita personal

Head to the
FRED website and do a search for Florida state’s per capita personal income.
This can be found by taking your state’s two initial abbreviation (e.g., FL for
Florida) followed by PCPI (which stands for per capita personal income). So,
for FL, you would enter FLPCPI. This data will be annual data through 2021. How
did your state’s PCPI behave during the 2008-09 recession? How about in
2020-21?
Now take a
look at North Dakota’s PCPI (enter NDPCPI in the FRED search bar. Can you
explain the relatively odd pattern of North Dakota’s PCPI?
Explain in a
short paragraph.

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