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Category > Economics Posted 12 Jul 2017 My Price 8.00

GDP gap and expenditures gap

GDP gap and expenditures gap. The St. Louis Federal Reserve Bank at http://www.research.stlouisfed.org/fred2/ provides data on both real GDP (chained 2000 dollars) and real potential GDP for the United States. To get the data, scroll down and click on "Real GDP", now scroll down to find and select "GDP/GNP" located under "Related Categories" on the left side of the page. You will need to look at both "Real Gross Domestic Product," and "Real Potential Gross Domestic Product". Click on the names, DO NOT check the box. Above the Real GDP data charts, you will find "Last 5 Observations". Click on that to get the actual data for Real GDP. To get the data for Potential GDP, click on "View Data" in the upper left hand corner.

  1. What is the most recent quarter for which real GDP is reported?
  2. What was the actual level of real GDP for the most recent quarter reported?
  3. What was the potential GDP for the same quarter?
  4. What was the size difference between the two - the negative GDP gap? 
  5. If the multiplier was 2in that period, what was the size of the economy's recessionary expenditure gap?

Answers

SuperTutor
(15)
Status NEW Posted 12 Jul 2017 12:07 AM My Price 8.00

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