What is Gross Domestic Product

Jul 4th, 2014
KateS
Category:
Accounting
Price: $15 USD

Question description

Go to the following website:
www.bea.gov/index.htm

Based on the information contained on the website above, answer the following questions:

  1. What was Real GDP for 2009?
    1. What does GDP tell us?
    2. How did GDP change from 2008?
    3. What caused these changes?
  2. What was GNP for 2009?
    1. What is the difference between GDP and GNP?
    2. How did GNP change from 2008?
    3. What caused these changes?
  3. What was National Income (NI) for 2009?
    1. What does National Income tell us?
    2. What is the difference between GNP and NI?
    3. How did NI change from 2008?
    4. What caused these changes?
  4. What was Disposable Income (DI) for 2009?
    1. What does Disposable Income consist of?
    2. How did DI change from 2008?
    3. What caused these changes?
  5. What was GDP in 2008 (sometimes called GSP) for your state?

Assignment 2 Grading Criteria

Maximum Points

Researched the data correctly and answered each question in a complete and accurate manner. Sixteen points for each question, 1-5.

80

Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation.

20

Total:

100









Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UCLA
PREMIUM TUTOR

Studypool has helped 1,244,100 students

Summary
Quality
Communication
On Time
Value
Five Star Tutor
Feb 16th, 2017
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1831 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors