- Go To Https Www Bea Gov Then Do The Following Steps Go To Tools Then Go To Interactive Data Then Go To Gdp 1 (61.65 KiB) Viewed 37 times
- Go To Https Www Bea Gov Then Do The Following Steps Go To Tools Then Go To Interactive Data Then Go To Gdp 2 (61.65 KiB) Viewed 37 times
- Go To Https Www Bea Gov Then Do The Following Steps Go To Tools Then Go To Interactive Data Then Go To Gdp 3 (60.07 KiB) Viewed 37 times
. Go to https://www.bea.gov/ Then, do the following steps: Go to "Tools" Then go to "Interactive Data" Then, go to "GDP & Personal Income" Then, go to "Begin Using the data" Then, Click Section 1 • Then go to "Table 1.1.6" . After you locate "Table 1.1.6", answer the following questions. Do NOT forget to label your answers. 1. Find the value of real GDP (in billions of chained 2012 dollars) in 2018 (Hint: Pay attention to the frequency of the data. "A" indicates annual values, and "Q" indicates quarterly values). Modify the chart so that it states annual data. To modify the table click on Modify tab and choose Annual for Series and click Refresh Table. 2. Find the value of real GDP (in billions of chained 2012 dollars) in 2019. 3. Calculate the real GDP growth (economic growth) rate from 2018 to 2019. 4. Now, check whether the answer to question 3 is correct. Go to Table 1.1.1 and modify the chart by choosing annual instead of quarterly. You can click "Modify" button to create new tables based on your preferences. "A" means Annually, "Q" means quarterly. What is the percent change in real GDP in Table 1.1.1? 5. Does this number match with the number you calculated in question 3? Indicate by writing Yes or No. If not, you need to go back and redo question 3.
Now, you are going to find the values of each component of GDP in 2019. 6. Write down the components of GDP using spending approach and using the notation we have been introduced. 7. What is the amount of real consumption spending (personal consumption expenditures in billions of chained 2012 dollars) in 2019? 8. What is the percentage share of real personal consumption expenditures in real GDP? 9. What is the amount of real investment spending (gross private domestic investment in billions of chained 2012 dollars) in 2019? 10. What is the percentage share of real investment spending in real GDP? 11. What is the amount of real Net Exports of goods and services (in billions of chained 2012 dollars) in 2019? 12. What is the % share of Net Exports in real GDP? 13. What is the amount of real government consumption expenditures and gross investment (in billions of chained 2012 dollars) in 2019? 14. What is the % share of government consumption expenditures and gross investment in real GDP? 15. Which component had the biggest share in 2017? Historically, which component had the biggest share? 16. Add your answers to parts 8, 10, 12, 14. Do they add up to 100%?