Gross Domestic Product

User Generated

pubjneq09

Economics

Description

Complete the Gross Domestic Product worksheet.

To access the Gross Domestic Product data required in the worksheet from the government website, use the following click stream:

> Access the website, http://www.bea.gov

> Under the "National" heading, click “Gross Domestic Product.”

> Under the heading “Gross Domestic Product,” click on “Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables.”

> Click on “Begin using the data”

> Select “Section I - Domestic Product and Income”

> Select “Table 1.1.5 Gross Domestic Product (A)(Q).”

> Use the column for 4th quarter of 2015. The quarter years are in roman numerals (IV = 4 ).

Use attached worksheet GDP.

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Explanation & Answer

Attached.

Running head: GDP WORKSHEET ASSIGNMENT

GDP WORKSHEET ASSIGNMENT
Name:
Institution affiliation:
Date:

1

GDP WORKSHEET ASSIGNMENT

2

PART 1
Total
(in billions
of dollars)

Per Person
(in dollars)

Percent of
Total (%)

Gross Domestic
Product, Y

18223

56769

100

Consumption, C

12439

38751

68.28

Investment, I

3060

9533

16.79

3245

10109

17.81

Government
purchases, G

-2.86
Net exports, NX

-521

-163

PART 2
GDP is an abbreviation for Gross Domestic Product. It is an important macroeconomic
factor that is used to measure the economic situation or wellbeing of nations. It is defined as the
monetary value of all goods and services produced within the boundaries of a given nation within
a spe...


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