3. (10 points) The Components of Demand and RGDP The link provided below will take you to a Bureau of Economic Analysis news release containing data from the past year. Use the data provided there to | answer the following a. In Table 3, there is data on spending in the major categories of GDP (C, I, G, and NX). What are the values for each of those categories for 2023? Use real values (Billions of chained (2017) dollars) for this problem. b. Using the data in part a, what is the level of Real GDP? https://www.bea.gov/sites/default/files/2024-01/gdpq23-adv.pdf 4. (15 points) The Business Cycle Read the article linked to below. Write a paragraph about recessions that addresses the following: a. What does the NBER use to identify a recession? b. What are common causes of recessions? C. How do key variables change during recessions? https://files.stlouisfed.org/files/htdocs/publications/page1-econ/2023/03/01/all-about-the-business- cycle-where-do-recessions-come-from SE.pdf