Question: Question 1 Use the BEA sitehttps://www.bea.gov/to access the National Income and Product Account (NIPA) tables for the United States. a.Using U.S. annual data, compute GDP,

Question 1

Use the BEA sitehttps://www.bea.gov/to access theNational Income and Product Account (NIPA) tablesfor the United States.

a.Using U.S. annual data, computeGDP, GNE, and GNDIin 2019.

b.Was U.S. GDP higher or lower than its GNE in the past year? Interpret this finding.

c.Was U.S. GNI higher or lower than its GDP? Interpret this finding.

d.Was the U.S. a net giver or receiver ofunilateral transfers?

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