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Read the report in the following link and answer the below questions: Gross Domestic Product for the U.S. Virgin Islands, 2020 | U.S. Bureau of

Read the report in the following link and answer the below questions:

Gross Domestic Product for the U.S. Virgin Islands, 2020 | U.S. Bureau of Economic Analysis (BEA)

  1. How does our current Real GDP reflect the current state of the economy?
  2. What is happening to consumption, investment, government spending and net exports according to the report?
  3. According to the latest data and your own evaluation of the economy, where would you say we are in the business cycle and why?

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