~WRA2176 - GDP information From Bureau of Economic...

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Jontavius Hopson American InterContinental University March 6, 2010 1. 2004 GDP @ 2004 prices 110 x $18 = $1,980 CDs 200 x $90 = $18,000 Rackets Total = $19,980 2005 GDP @ 2004 prices 120 x $18 = $2,160 210 x $90 = $18,900 Total = $21,060 21,060 / 19,980 = 1.05 About 5.4%. 2. CDs 20/18 = 1.111 or about 11.1%. Rackets 95/90 = 1.0555 or about 5.6%. 3. 2004 GDP @ 2005 prices 110 x $20 = $2,200 200 x $95 = $19,000 Total = $21,200 2005 GDP @ 2005 prices 120 x $20 = $2,400 210 x $95 = $19,950 Total = $22,350 22,350 / 21,200 = 1.0542 or about 5.4%.
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Unformatted text preview: GDP information From Bureau of Economic Analysis’s Trends in the 2005-2007 timeframe After reviewing the World Bank web site for the GDP of the United States between the years of 2000-2005-2006 I found there was a decrease in the annual percentage growth of 0.5 percent for the five years 2000-2005 and 0.3 percent from 2005-2006. The terrorist attacks on the twin towers in 2001 and the continuation of the war in Iraq are some causes of the decline in the economy in that time frame....
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