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20200621050544economics 1 .edited

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Economics
School
Dominican University
Type
Homework
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Running head: ECONOMICS ASSIGNMENT 1
ECONOMICS
NAME
DATE

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ECONOMICS ASSIGNMENT 2
1. Quarterly growth rate (25 points)
Data has been downloaded into excel. The data that has been downloaded include the following:
Real Personal Consumption Expenditures: Nondurable Goods (PCENDC96)
Real Personal Consumption Expenditures: Durable Goods (PCEDGC96)
Real Personal Consumption Expenditures: Services (PCESVC96)
Real Gross Domestic Product (GDPC1)
Series:
a.
Real Personal Consumption Expenditures: Nondurable Goods (PCENDC96)
b. Real Personal Consumption Expenditures: Durable Goods (PCEDGC96)
From the graph on durable goods, it is vividly clear that household spending on durable goods
seems to decrease during the years 2008 to 2010.

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Running head: ECONOMICS ASSIGNMENT ECONOMICS NAME DATE 1 ECONOMICS ASSIGNMENT 2 1. Quarterly growth rate (25 points) Data has been downloaded into excel. The data that has been downloaded include the following: • • • • Real Personal Consumption Expenditures: Nondurable Goods (PCENDC96) Real Personal Consumption Expenditures: Durable Goods (PCEDGC96) Real Personal Consumption Expenditures: Services (PCESVC96) Real Gross Domestic Product (GDPC1) Series: a. Real Personal Consumption Expenditures: Nondurable Goods (PCENDC96) b. Real Personal Consumption Expenditures: Durable Goods (PCEDGC96) From the graph on durable goods, it is vividly clear that household spending on durable goods seems to decrease during the years 2008 to 2010. ECONOMICS ASSIGNMENT 3 c. Real Personal Consumption Expenditures: Services (PCESVC96) 2. Features Observed. Gross domestic product (GDP) refers to the market or the monetary value of all the final goods and services produced within the boundaries of a country or nation during a specific period, Stanley, H. E. (1998). The gross domestic product is a very important indicator of the economic growth or development of a country. Personal Consumption Expenditure also knew as consumer spending is the value of the goods and services that are purchased by the residents of a particular nation. That is how a measure of how much consumers are purchasing. The monthly expenditures are usually reported and published by BEA and they are normally ...
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Anonymous
Awesome! Perfect study aid.

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