Question: Please visit the theBureau of Economic Analysis website https://www.bea.gov , and click the following Data, by Topic, Gross Domestic Product and Interactive Data to locate

Please visit the theBureau of Economic Analysis website https://www.bea.gov , and click the following Data, by Topic, Gross Domestic Product and Interactive Data to locate table 1.1.6 on Real GDP and table 1.1.1 on percentage change in RGDP. Use the modify button to view the data for the last 20 years as an annual series. Examine and describe the trend of RGDP over the past 20 years. Examine and describe the trends in the major components C, G , I and NX. Describe anything that stands out about these components as a share of RGDP and their trends to you.

What is the current real GDP growth rate for the U.S.? How has the growth rate of RGDP and its components trended over the last 20 years. Describe any relationship between them that stands out to you.

After looking at all this about GDP, identify at least three limitations of GDP as a measure of economic well-being.

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