.Click onhttps://apps.bea.gov/iTable/iTable.cfm?reqid=19&step=2#reqid=19&step=2&isuri=1&1921=survey

and then on the "Section 1 Domestic Product and Income" and thenaccess the link to "Table 1.1.5 Gross Domestic Product".

https://apps.bea.gov/iTable/iTable.cfm?reqid=19&step=2#reqid=19&step=2&isuri=1&1921=survey

From Table 1.1.5, identifywhich of the four components (i.e. Personal Consumption Expenditure, Gross Private Domestic Investment, Net Exports, Government Consumption Expenditure and Gross Investment) of Gross Domestic Product (GDP) for the periods 2020, 2021 and 2022 contributes the most in dollars to US GDP. For quarter 2 (Q2) of 2021 and quarter 2 (Q2) of 2022, calculate what percentage of GDP is contributed by this component and determine the percentage change (either an increase or decrease) in the value of this component.

2.Watch the video clips below in the order provided below and then discuss briefly the following questions:

Is GDP a good measure of well-being?

What are the short-comings of GDP?

What is a sustainable society?

Can money buy happiness?

What does United StatesGDP measure and what should United States GDP measure?

VIDEO CLIPS:

Is GDP the wrong yardstick for measuring prosperity?

http://www.pbs.org/video/2365234401/

Going beyond GDP

https://www.youtube.com/watch?v=tDseGhvzV2c

Joseph Stiglitz- Problems with GDP as an Economic Barometer

https://www.youtube.com/watch?v=QUaJMNtW6GA

Joseph Stiglitz talks about going beyond GDP

https://www.youtube.com/watch?v=G4d_-zaJXuA&spfreload=5

Gross National Happiness - explained by the Hon. Prime Minister of Bhutan, 2012

https://www.youtube.com/watch?v=SPujYdcWCFU