To learn about the GDP in the real world and to answer the discussion questions, follow the steps below to obtain data from the Bureau of Economic Analysis.
Go to bea.gov.
Click on the Tools tab (on the top).
Click on Interactive Data.
Click on GDP & Personal Income under National Data.
Click on Begin using the data.
Click on SECTION 1: Domestic Product and Income.
Click on Table 1.1.1. Percent Change from Preceding Period in Real Gross Domestic Product (A) (Q).
To expand your search, click on Modify on the top middle portion of the table above the results, and then change the First Year to 2005 and the Last Year to the current year. Change the Series to Annual, and then click on Refresh Table. Note what happened before and after the recession of 2007-2008.
· What is the current GDP growth rate? Also, examine the trend of GDP growth over the past few years.
· What stage of the business cycle is the U.S. economy currently in given the trend of GDP growth?
· What components of GDP tend to decline significantly during recessions (particularly during the 2008 recession), and what GDP components rise during expansion? In other words, what aspects of GDP are mostly affected when the economy slows down, and why?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more