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Expenditures Approach to Calculating GDP
Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under National click on Gross Domestic Product (GDP), then Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables, click "Begin using the data", and use Section 1 - Tables 1.1.5 and 1.1.6 to identify the GDP (nominal GDP) and real GDP for the past four quarters.
a) Present the information that you received in your project.
b) Write a report, which contains the analysis of the results you received.
In this report consider, but do not be limited to the following:
Why was nominal GDP greater than real GDP in each of those quarters? What was the percentage change in Nominal GDP for the most recent quarter compared to the previous quarter? What was the percentage change in Real GDP for the two quarters?
What accounts for the difference in the two percentages?
If the real interest rate is less than the growth rate of output, explain why governments can run a deficit yet not have to worry about the size of their debt.
Immigration is a major topic of concern in today’s economy. What are the possible problems and solutions for these concerns and what could happen to the U.S. labor markets if immigration is not controlled?
A chartered bank offers a one-year loan at "3 points above prime." Prime is 4 per cent. then what is the nominal interest rate.
Calculating elasticity: Draw a set of coordinate axes on a piece of graph paper. Label horizontal axixs from 0-50 units and vertical axis from $0- $20 per unit. Draw a demand curve that intersects the vertical axis at $10 and the horizontal axis a..
Assume that incomes of the consumers in this market increases. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change.
Assume that the pure expectations theory for the term structure of interest rates holds, no liquidity or maturity premium exists, and the bonds are equally risky.
The term "globalization" is increasingly being used in the study of international relations and international political economy. Increasingly, also, there are debates surrounding the definition of the term and the extent of relevance in the global..
question 1 the table sets out the demand and supply schedules for banana.pricenbspdollars per boxnbspquantity
Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
Determine which of the following theories of expectations holds that individuals usa all information available in forming expectations?
What are the four phases of a business cycle? How does money supply affect business cycles? What is the relationship between money supply growth and inflation? What is monetary policy? What is fiscal policy? What is the foreign exchange market?
Most Republicans need to reduce federal spending. Democrats do not want to reduce federal spending by as much as Republicans do.
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