Reference no: EM132021549

Business cycle and GDP

Go to the Bureau of Economic Analysis web site, www.bea.gov. On the homepage click the Interactive Data tab, click the GDP & Personal Income link, click the Begin Using the Data box, then click Section 1: Domestic Product & Income, lastly click the link for Table 1.1.1 (percent change from the preceding period in real gross domestic product).

To receive credit must attach to your problem set Table 1.1.1

From Table 1.1.1 list the U.S. GDP quarterly growth rates (annualized) for the last five quarters.

Is the growth rate "above" or "below"

Year               Quarter                      Growth rate                the long-run U.S. annual growth rate?

a.        2017                     1                  ________ %                     __________

b.        2017                   2                   ________ %                      __________

c.        2017                     3                  ________ %                     __________

d.        2017                     4                  ________ %                     __________

e.        2018                       1                  ________ %                   __________