1. Read the August 30, 2023 BEA press release on GDP and answer the following questions:https://www.bea.gov/news/2023/gross-domestic-product-second-quarter-2023-second-estimate-and-corporate-profits
2. In a few sentences, discuss what happened to GDP in the second quarter of 2023. [5 points]
3. How did the 2^nd quarter GDP compare to the 1^st quarter GDP? Was there an increase or decrease? [5 points]
4. How did each of the components of GDP (C, I, G, NX) influence the increase/decrease of GDP from the 1^st quarter to the 2^nd quarter? [5 points]

Answer rating: 100% (QA)

Answer 1 According to the BEA press release in the second quarter of 2023 real gross domestic pro... View the full answer