Answer these questions using the GDP: https://www.bea.gov/data/gdp/gross-domestic-product 1. Using the most recent GDP Report determine the following:
Question:
Answer these questions using the GDP: https://www.bea.gov/data/gdp/gross-domestic-product 1. Using the most recent GDP Report determine the following:
a. Value of real GDP for the most recent quarter available (not annualized).
b. Percent quarterly growth rate of real GDP from the prior quarter to the most recent quarter (not annualized and rounded to a whole percent).
c. Percent composition of the most recent quarter's real personal consumption with respect to durables, non-durables, and services (round each to whole percent).
d. dollar change in real private inventory investment for the most recent quarter. e. Dollar value of the most recent Net Exports using 2012 prices. Is there a trade surplus or deficit?
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker