Using the data available at www.bea.gov and applying the Compound Annual Percent Change formula, compute the annual
Question:
Using the data available at www.bea.gov and applying the Compound Annual Percent Change formula, compute the annual growth rates of the following GDP components. Type in the formula you use & show your calculations. Report in your answer the values for "m" and "n."
a.Calculate the compound annual percent change in Real GDP (billions of (2012) chained dollars) from 2016 to 2019, using ANNUAL DATA.
b. Calculate the compound annual percent change in Real Personal Consumption Expenditures (billions of chained (2012) dollars) from the third quarter of 2017 to the fourth quarter of 2019.
C. Calculate the compound annual percent change in Real Gross Private Domestic Investment (billions of chained (2012) dollars) from the second quarter of 2017 to the first quarter of 2019.