Please DO NOT attempt if you are not going to go to the website and use the data to answer the questions!!!

Use the interactive feature of the Bureau of Economic Analysis Web site,www.bea.gov, to access the National Income and Product Account Tables.

• UnderPrincipal Federal Economic IndicatorsselectViewGross Domestic Product,
• Click onExplore Product View
• Scroll down to and click onInteractive Data
• UnderInteractive Data
• Select:GDP and the National Income and Product Account (NIPA) Historical Tables
• Select: Interactive Data Tables... (an orange button)
• SelectSection 1: Domestic Product and Income
• SelectTable 1.1.6 Real Gross Domestic Product Chained Dollars (A) (Q)

You should now see a table with columns for four quarters across several years, and rows with the components of gross domestic product:

• Select the "modify" button
• Change the beginning year to2007and the ending year to2009and change the series to "annual."
• Then click "Refresh Table"
• Gross Domestic Product is composed for 4 major categories: Consumption, Gross Investment, Net Exports, and Government
• What was the percentage change in each component of GDP over this time period? (Over the time period means from the first year to the last year, not between each year.)
• Which component changed the most?
• Why do you think this component changed the most?

Now change the years to 2012 through 2014 (use the modify button) then answer the same questions.