This is a paper that is focusing on the Expenditures Approach to Calculating GDP. The paper also consists of another part 2 of the assignment that is in the attachment below.
The Expenditures Approach to Calculating GDP
Consists of two parts.
Part 1: Expenditures Approach to Calculating GDP (weight 50% of the assignment grade)
Complete the following exercise
Visit the Bureau of Economic Analysis website at www.bea.gov. From the drop-down menu under “Data”, click on “by Economics Account”.
Then click on “National”> “Gross Domestic Product > and “Full Release and Tables”. (To find “Full Release and Tables” you need to scroll down the page to the section “Current Release”.
Use table 3 (Gross Domestic Product: Level and Change from Preceding Period). Tables are located at the end of the Release, so you need to scroll all the way down to the tables.
The left columns are nominal GDP (and its components) and the right half represents real GDP (chained 2012 dollars).
a) Create the table that contains the following information for the last available quarter. Please note that using the data for previous quarters will produce grade zero for this part of the project.
You need this information from both parts of the table 3- (nominal GDP (and its components) from left columns and real GDP (chained 2012 dollars) from the right part of the table 3). Omit the intermediate lines found in Table 3 on the web site.
Gross domestic product
Personal consumption expenditures
Gross private domestic investment
Net exports of goods and services
Government consumption expenditures and gross investment
Written projects must be:
typed, double-spaced, in 12-point Times New Roman or Arial font, with margins no wider than one inch
have footnotes or endnotes, with correct citations
have a bibliography of sources used
include, for each entry, the author, title, city and state of publisher, publisher’s name, year, and page numbers
prepared using word processing software (Microsoft Word preferred), in a manner similar to the preparation of a written assignment for classroom submission