Question
Complete the following exercise visit the Bureau of Economic Analysis website atwww.bea.gov. From the drop-down menu under Data, click on by Economics Account. Then click
Complete the following exercise visit the Bureau of Economic Analysis website atwww.bea.gov. From the drop-down menu under "Data", click on "by Economics Account". Then click on "National"> "Gross Domestic Product > and "Full Release and Tables". (To find "Full Release and Tables" you need to scroll down the page to the section "Current Release". Use table 3 (Gross Domestic Product: Level and Change from Preceding Period). Tables are located at the end of the Release, so you need to scroll all the way down to the tables. The left columns are nominal GDP (and its components) and the right half represents real GDP(chained 2012 dollars).a)Create the table that contains the following information for the last available quarter which is q2 of 2021 Please note that using the data for previous years and/or previous estimates will produce grade zero for this part of the project. You need this information from both parts of table 3- (nominal GDP (and its components) from left columns and real GDP (chained 2012 dollars) from the right part of the table 3). Omit the intermediate lines found in Table 3 on the website. Gross domestic product Personal consumption expenditures Gross private domestic investment Net exports of goods and services Government consumption expenditures and gross investment)Calculate the percentage (the proportion) of each category in nominal GDP and in real GDP. Using Nominal GDP:[Personal consumption expenditures / Nominal GDP]*100%[Gross private domestic investment / Nominal GDP]*100%[Net exports of goods and services / Nominal GDP]*100%[Government consumption expenditures and gross investment/ Nominal GDP]*100%And using Real GDP:[Personal consumption expenditures /RealGDP]*100%[Gross private domestic investment /Real]*100%[Net exports of goods and services /Real GDP]*100%[Government consumption expenditures and gross investment/Real GDP]*100%
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