1.1. What is the US GDP for the first quarter and second quarter of 2020? What is the personal consumption expenditures for the first quarter and second quarter of 2020? Go to the website for the Bureau of Economic Analyses (BEA): https:// www.bea.gov/ Section 1: Domestic Product and Income; Table 1.1.5 1.2. In the table below is data for a hypothetical private-closed economy. Table 1 A Private Closed Economy Real domestic Consumption Saving Investment output (GDP=DI) Aggregate (billions) (billions) (billions) Expenditures (billions) (billions) $240 $244 $ -4 $ 16 $260 260 260 0 16 276 280 276 4 16 292 300 292 8 16 308 320 308 12 16 324 340 324 16 16 340 360 340 20 16 356 380 356 24 16 372 400 372 28 16 388 1