Aggregate D&S Discussion Chp. 8
Feeling wealthier; Spending more? Access the Bureau of Economic Analysis Web site, www.bea.gov , interactively. Select “Interactive Data Tables,” which is listed under Publications. On that page, select “National Income and Product Accounts.” Go to the List of All NIPA Tables and then find Table 1.1.6, which will give you access to real GDP figures for the U.S. economy
Find the annual levels of real GDP and real consumption for 2005 and 2006.
Did consumption increase more rapidly or less rapidly in percentage terms than real GDP? Discuss in detail and use examples to support your argument.
2005-2007 the economy was operating at maximum capacity, the peak phase of the business cycle.
Go to www.bea.gov
Select Interactive Data tab
Click on National Data GDP & Personal Income button (on right)
Click on Begin using the data -> button
Select Section 1 – Domestic Product and Income
Click on Table 1.1.6 Real Gross Domestic Product, Chained Dollars (A) (Q)
To find the tables for 2005 and 2006, click the MODIFY and enter 2006 in the Last Year box and 2005 in the First Year box and make sure that Quarterly is checked, then Refresh Table.
Discuss in detail please use data, examples, and facts. Reply to at least one classmate in detail, discuss the content in the lesson for full credit.
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