BU204_02 _Barnes_Charity_ Unit6

BU204_02 _Barnes_Charity_ Unit6 - P a g e | 1...

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P a g e  | 1 Macroeconomics: Unit 6 Assignment BU204-02 By: Charity Barnes May 2, 2011
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P a g e  | 2 Question: From our readings you’ll remember that the Gross Domestic Product (GDP) is made up of four elements: (C) Personal consumption + (I) gross private domestic investment + (X-IM) net exports [which is exports (X) minus imports (IM)] + (G) Government expenditures and gross investment. The Bureau of Economic Analysis (BEA) collects and reports these statistics for the United States. The BEA, on their web site, breaks down these four elements of GDP into several sub- components: Personal consumption (C) Goods Durable Goods Nondurable Goods Services Gross private domestic investment (I) Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories Net exports of goods and services (X-IM) Exports (X) Goods Services Imports (IM) Goods Services Government consumptions expenditures and gross investment (G) Federal National defense Nondefense State and local
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P a g e  | 3 1. Download the Gross Domestic Product table from the Bureau of Economic Analysis’ (BEA) site and paste it into your answer. (5 points) Table 1.1.5. Gross Domestic Product  [Billions of dollars]  Seasonally adjusted at annual rates                                                                  Bureau of Economic Analysis Downloaded on 5/1/2011 At 11:30:43 PM    Last Revised April 28, 2011      Lin    2009-I   2009- II   2009- III   2009- IV   2010-I  1     Gross domestic product 14049. 7
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BU204_02 _Barnes_Charity_ Unit6 - P a g e | 1...

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