The recession of 2007-2009—Which component of AD declined the most?
The recession of 2007-2009—Which component of AD declined the most? Use the interactive feature of the Bureau of Economic Analysis Web site, http://www.bea.gov/, to access Table 1.1.6, which will give you access to real GDP figures for the U.S. economy. From Table 1.1.6 find the levels of real GDP, personal consumption expenditures (C), gross private investment (Ig), net exports (Xn), and government consumption expenditures and gross investment (G) in the first and third quarters of 2008. To change the date range, click on "Modify" in the upper right hand side of the data table. Its the circular arrow.
A. What were the levels of real GDP, personal consumption expenditures (C), gross private investment (Ig), net exports (Xn), and government consumption expenditures and gross investment (G) in the first and third quarters of 2008.
B. By what percentage did real GDP decline over this period?
C. Which of the four broad components of aggregate demand decreased by the largest percentage amount?
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Posted 12 Jul 2017 12:07 AM
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