Description
Assignment: Gross Domestic Product
- 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 ).
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Gross Domestic Product
Gross Domestic Product and its Components
Y= C+ I+ G+NX
The total population of U.S in 2015 was 320 million people
Total
Per person
[in billions of
(in Dollars)
Percent of Total
Dollars]
Gross Domestic
18222.8
56.94625
Co...