Chapter 6 - Assignment 1: GDP
Chapter 6 - Assignment 1: GDP
Examine the Overview of the Economy page provided by the Bureau of Economic Analysis.
- What was the growth rate in real GDP for the most recent quarter reported?
- Which component of real GDP experienced the largest fluctuation in growth rates over the past 6 quarters?
- What happened to net exports last year? How can you tell?
- What happened to the size of the federal government deficit last year?
- Which is larger, the federal government deficit or the combined surplus of state and local governments?
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