Economics 302
Spring 2007
Homework #1
Due Tuesday, February 6
Homework will be graded for content as well as neatness.
Sloppy or illegible work will
not receive full credit.
This homework, like others in the future, will require the use of
Microsoft Excel.
1.
a.
Using Excel, replicate the following table, then calculate the missing values
using an Excel formula (this is obviously easy to do by hand, the point is to
start with an easy assignment in order to build your skills for use on harder
tasks later).
The following data comes from the Bureau of Economic
Analysis.
All numbers are reported in billions of U.S. dollars.
Year
Nominal
GDP
Consumption
Gross
Investment
Government
Purchases
of Goods
and
Services
Net Exports
1929
77.5
16.5
9.4
0.4
1933
56.4
45.9
8.7
0.1
1941
126.7
18.1
26.6
1
1945
223
10.8
93.2
0.9
1947
162.3
35
36.4
10.8
1973
1385.5
852.5
244.5
0.6
2000
9872.9
6728.4
1767.5
1741
b.
Using the same spreadsheet, calculate for each year the following statistics
(while doing this, you should write the Excel formula for one year, then copy
and paste the formula into the corresponding cells for each subsequent years).
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 Spring '07
 GOLD
 Economics, Macroeconomics, Unemployment, gross domestic product, Current Population Survey

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