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The recession of 2007-2009 and expansion of 2012 - 2014. Which component of AD decreased/increased the most? Business_Cycle_Graph.pngAggregate Demand.gif Use the interactive feature of the
The recession of 2007-2009 and expansion of 2012 - 2014. Which component of AD decreased/increased the most? Business_Cycle_Graph.pngAggregate Demand.gif Use the interactive feature of the Bureau of Economic Analysis Web site, www.bea.gov, to access the National Income and Product Account (NIPA) Tables. Under Principle Federal Economic Indicators select the orange View button next to Gross Domestic Product Click on the orange Explore Product View button Scroll down a bit and select Interactive Data, Select: GDP and the National Income and Product Account (NIPA) Historical Tables, Select: Begin using the data..., Select Section 1: Domestic Product and Income Select Table 1.1.6 Real Gross domestic Product Chained Dollars You should now see a table with columns 2018 through 2021, and rows with the components of gross domestic product: Select the "MODIFY" button, Change the beginning year to 2007 and the ending year to 2009 and change the series to "Annual." Then click "Refresh Table." Gross Domestic Product is composed for 4 major categories: Consumption, Investment, Net Exports and Government. What was the percentage change in each category of GDP over this time period? In other words, from 2007 to 2009. Which component changed the most C, I, G, or Xn? Now, again using the MODIFY button, change the years to 2012 through 2014 then answer the same questions. Why is Government (G) positive in the first time period and negative in the second time period
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