Two Parts:

Part 1:

Visit the Bureau of Economic Analysis website at www.bea.gov. From the drop-down menu under "Data", click on "by Economics Account".

Then click on "National"> "Gross Domestic Product > and "Full Release and Tables". (To find "Full Release and Tables" you need to scroll down the page to the section "Current Release".

Use table 3 (Gross Domestic Product: Level and Change from Preceding Period). Tables are located at the end of the Release, so you need to scroll all the way down to the tables.

The left columns are nominal GDP (and its components) and the right half represents real GDP (chained 2012 dollars).

a)Create the tablethat containsthe following information for the last available quarter. Please note that using the data for previous years and/or previous estimates will produce grade zero for this part of the project.

You need this information from both parts of the table 3- (nominal GDP (and its components) from left columns and real GDP (chained 2012 dollars) from the right part of the table 3). Omit the intermediate lines found in Table 3 on the web site.

Gross domestic product

Personal consumption expenditures

Gross private domestic investment

Net exports of goods and services

Government consumption expenditures and gross investment

b) Calculate the percentage (the proportion) of each category in nominal GDP and in real GDP.

Using Nominal GDP:

[Personal consumption expenditures / Nominal GDP]*100%

[Gross private domestic investment / Nominal GDP]*100%

[Net exports of goods and services / Nominal GDP]*100%

[Government consumption expenditures and gross investment/ Nominal GDP]*100%

And using Real GDP:

[Personal consumption expenditures / Real GDP]*100%

[Gross private domestic investment / Real]*100%

[Net exports of goods and services / Real GDP]*100%

[Government consumption expenditures and gross investment/ Real GDP]*100%

Present the information that you received (a) and (b) as a table(s)

Part 2:

Go tohttp://www.bea.gov/

Visit the Bureau of Economic Analysis website at www.bea.gov. From the drop-down menu under "Data", click on "by Economics Account". Then click on "National", "Gross Domestic Product, and "Full Release and Tables". Use table 7 (Relation of Gross Domestic Product, Gross National Product, and National Income) and table 8 (Personal Income and its Disposition).

1.Create the tablethat containsthe following information for the last quarter where data required for this exercise is available.

Please note that using the data for previous years and/or previous estimates will produce grade zero for this part of the project.

Omit the intermediate lines found in Tables 7 and 8 on the web site.

Grossdomesticproduct

Grossnationalproduct

Netnationalproduct (you should calculate it as Grossnationalproduct minus Consumption of fixed capital)

Nationalincome

Personalincome

Personal Disposable Income

Personal Savings

Present the information that you received