Chapter 6 - Assignment 1: GDP

Examine the "Overview of the Economy" page provided by the Bureau of Economic Analysis.

  1. What was the growth rate in real GDP for the most recent quarter reported?
  2. Which component of real GDP experienced the largest fluctuation in growth rates over the past 6 quarters?
  3. What happened to net exports last year? How can you tell?
  4. What happened to the size of the federal government deficit last year?
  5. Which is larger, the federal government deficit or the combined surplus of state and local governments?
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