Question
Go to the Bureau of Economic Analysisat http://bea.gov/ and click on Tools, Interactive Data. Then select Gross Domestic Product. Click on Interactive Data Tables. Then
Go to the Bureau of Economic Analysisat http://bea.gov/ and click on "Tools, Interactive Data". Then select "Gross Domestic Product." Click on Interactive Data Tables." Then select Domestic Product and Income (Section 1). Select Table 1.1.5, Gross Domestic Product. You can Modify the tables to include the required years.
How much has real GDP changed over the last five years?
Post your answers tothe following 6 questions:
What are the four components of GDP?
Which is the largest component?
What does this largest component's spending represent?
What is the largest component of the largest component?
What effectdo changes is this component have on the overall GDP? Why?
Do you think the current economic situation will have an effect on overall GDP?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
