Explain what is gdp and how to calculate gdp

Assignment Help History

Reference no: EM13740214

Now that you know about GDP and how to calculate GDP, use one of the web sites listed in Module 01 including www.bea.gov and www.bls.gov and do some research. In a 1-2 page paper, do the following:

•First, find GDP numbers for the U.S. China, India, and Turkey.

•Second, find the level of consumption spending in the U.S. economy for the past 40 years. Also do the same thing for gross Investment spending, government spending, and net exports.

•Third, begin to think like an economist and analyze what accounts for the GDP numbers of the U.S. China, India, and Turkey. That is, which one of the four components of GDP did you find in your research accounts for the growth rates of these nations? Also, what accounted for the change in spending in the four components to GDP in the U.S. economy for the past 40 years?

Reference no: EM13740214

Questions Cloud

Describe crashing-fast tracking and scope reduction : In your own words, describe crashing, fast tracking, and scope reduction as means of schedule compression. When would each be appropriate? Which methods are considered better first-choice methods by most project sponsors?

What is behavioral finance : How much money an average household in the US spend on buying lottery tickets every year and what is behavioral finance?

Relationship between government and managed care : How has the relationship between government and managed care evolved over the years? What factors have driven this changing relationship?

Male-female wage differential in the labour market : What is the male-female wage differential in the labour market and calculate how much of this wage differential is due to discrimination and how much is due to difference in skills.

Explain what is gdp and how to calculate gdp : Now that you know about GDP and how to calculate GDP, use one of the web sites listed in Module 01 including www.bea.gov and www.bls.gov and do some research.

Explain how religious was medieval society : Read Chaucer, Canterbury Tales and Answer the following question in a one-page paper: Citing specific evidence from Chaucer's Canterbury Tales, how "religious" was medieval society?

Firm approach to organization structure : 1. Country of origin can strongly influence a firm's approach to organization structure. As MNEs from China and India internationalize, to what extent are they likely to differ from Japanese, European, and U.S. MNEs?

Compare political attitudes toward slavery of stephen : Compare political attitudes toward slavery of Stephen A. Douglas with those of Abraham Lincoln. What were the results of the Lincoln-Douglas Debates?

Explain your choices for reductions and increases : A Guide to the Federal Budget Process. Identify and explain your choices for reductions and increases

User Account

All Pages