1. Visit bea.gov and click on "Related Materials." What is the Nominal GDP (current market dollars or "Billions of Dollars") for the latest available quarter? Calculate the percent of Total Nominal GDP that is Personal Consumption Expenditures (Consumer Spending). What does the result of this infer about the importance of Consumer Spending to overall GDP?
2. Examine Net Exports. What does this infer about the impact of imports on the economy?
3. Examine the Real GDP displayed as "Billions of chain dollars." Explain the difference between the two measures of GDP.

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