Find the Gross Domestic Product for each of the last three quarters of 2016 and report it.
Which components (focus only on Consumption, Investment, Government spending, and Net Exports) have increased from period 2 to 3 and from 3 to 4?
Which have decreased?Â
NOTE: AGAIN, focus ONLY on the 4 main components;Â I don't want you to give me a long list of what's going on within consumption, investment, etc...just the four main components, please.Â
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if you say something like "Consumption in the first quarter was 4%", that makes no sense at all (though around 25-30% of the papers historically have that kind of information in it).
Also, make sure you give me data that reflects production...not potential inflation.
FYI, real GDP is typically given in what they call chained 2009 dollars (basically, 2009 is considered the base year...you don't have to calculate real GDP...it's given to you in most places).Â
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Calculate and give the GDP deflators for THE LAST THREE QUARTERS OF 2016.
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Don't try to find this number...it's often not what it appears. As a hint to see if you have good data, nominal GDP for the first quarter of 2016 was about $18,281.6 billion (that's $18,281,600,000,000...nearly $18.3 trillion!).
Answers
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Posted 03 May 2017 05:05 AM
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