Question
Your text has defined a method to calculate GDP as C+I+G+(X-M) Go to the US Department of Commerce'sBureau of Economic Analysis website located athttp://www.bea.gov/index.htm. Use
Your text has defined a method to calculate GDP as C+I+G+(X-M)
Go to theUS Department of Commerce'sBureau of Economic Analysis website located athttp://www.bea.gov/index.htm. Use the website to find what thelatestquarterly percentage changehas been for anythreeof the five variables(C,I,G,X, or M). You will need to do some searching, reading, and thinking. There is a chart on the website that provides the information all in one place for you. For example, if you decide to use C as one of the three variables you know that C stands for consumption in our textbook. You will need to search the website, read definitions of variables the government keeps data on, and determine which best fits as a measure for C. Be sure to provide citations to identify the exact latest release you used. Without this citation, I will not know what release to review when grading your assignment. All I need to see in your submitted Word file is the three variables you selected, their latest quarterly percentage change for each, and the exact citation for the table you gathered the information from.
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