From the Bureau of Economic Analysis Web page (www.bea.gov), compare real GDP for 1970, 1980, 1990, 2000,
Question:
From the Bureau of Economic Analysis Web page (www.bea.gov), compare real GDP for 1970, 1980, 1990, 2000, and 2010. Show the percentage change in real GDP over each of those decades. Do the percentages of GDP spent on consumption (C), investment (J), government (G), exports (X), and imports (M) differ significantly among those years? Are there changes in the balance of trade over the period? Explain.
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The changes are shown in the following table Consumption spending has remained roughly cons...View the full answer
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