Describe how to calculate GDP (using the expenditure approach) and clearly define each of its components.

Then go the Federal Reserve Economic Data/FRED site and find the GDP for January 2006, 2008, 2010, 2012, 2014, 2016, 2018, 2019, 2020, 2021 and 2022 and list as bullet points. Be sure you are using the 'ANNUAL' GDP. Then when you have all of the numbers, briefly describe the trend as to whether GDP increased, decreased, etc.

For 2006, 2012, 2018 break out the four components of GDP in dollars and as a percentage - discuss how those percentages have changes among the years.

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