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students will review and estimate the components of GDP (consumption, investment, government spending, and net exports (exports less imports)) for the first quarter of 2017 and compare to the same quarter in 2016, 2015, and 2014.
To access the components of GDP table:
- Go to http://www.bea.gov/iTable/index_nipa.cfm
- Click “Begin using the data”
- Then find Access Table 1.1.5 under “Section 1”
After conducting the comparison, please explain what actual events or dynamics could have led to changes in each component in the economy basing supporting your response with research. Please utilize the chart below also as part of your analysis for graphical representation of GDP by component.
The submission should include a detailed written response reporting on all components of GDP for the time periods requested. Note, the course textbook can be a citation as a source for your assignment along with any other websites such as the Bureau of Economic Analysis (www.bea.gov) used to gather and report responses to these questions.
Task 1: Create a new discussion topic on or before Friday at 11:55 p.m. by clicking the ‘**REPLY HERE**’ post. In your reply, you will post your answers to the Week 1 Critical Thinking Exercise questions. Your response to the exercise questions should be a minimum of 150 words. Going over the minimum word length requirement is acceptable; however, I am not looking for 1000+ words! It is suggested that you use MS Word or another word processing application that can check spelling/grammar and can show the word count.