Visit the Bureau of Economic Analysis website www.bea.gov. From the drop down menu under Data, click on by Economics Account. Then click on National >Gross Domestic Product >Full Realease and Tables. Scroll down the page to current release. Use table 3 (Gross Domestic Product Level and Change from Preceding Period). The left columns are nominal GDP( and its components) and the right half represents real GDP( chained 2012 dollars)

a) Create the table that contains the following information for the most recent quarter where data required for this exercise is available.

Gross domestic product

Personal consumption expenditure

Gross private domestic investment

Net exports of goods and services

Government consumption expenditure and gross investment.

b) Calculate the % of each category in nominal GDP and in real GDP

Using Nominal GDP

Personal consumption expenditure \ Nominal GDP *100% Gross private domestic investment/Nominal GDP *100% Net exports of goods and services/ Nominal GDP* 100% Government consumption expenditure and gross investment/ Nominal GDP* 100

And using real GDP

( Personal consumption expenditure/Real GDP)* 100% Gross private domestic investment/ Real* 100% Net exports of goods and services/ Real GDP * 100% Government consumption expenditure and gross investment/ Real GDP * 100% Present the information that you received (a) and (b) as a table in your project

Answer rating: 100% (QA)

Answer a Table of Nominal GDP and Real GDP Components Component Nominal GDP Real GDP Chained ... View the full answer