1. GDP - Homework paper for help, computer sciencefecwck PDF

Title	1. GDP - Homework paper for help, computer sciencefecwck
Author	Mann Patel
Course	Computer Science I
Institution	University of West Georgia
Pages	2
File Size	134.6 KB
File Type	PDF
Total Downloads	92
Total Views	139

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Homework paper for help, computer science...

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ECON in Our World Course: ECON 2105 Topic

Module 1. Gross Domestic Product

Individual or Group Activity:

Individual

Assignment Submission Notes:

Each student should submit one copy.

Assignment Type:

Open ended with short answer

Directions Data: The below data shows Gross Domestic Product Component of the United State of America.

Figure 1: Gross Domestic Product Components, Expenditure Approach https://fred.stlouisfed.org/graph/?g=BTjU Discuss: a. Over the last 60 years, what expenditure category has had the largest relative weight on U.S. GDP? And the smallest? b. How did World War II (1939-1945) affect the composition of GDP according to the expenditure approach? Why would that be so?

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c. What does it mean, in economic terms, that the ratio of net exports to overall GDP turned from positive to negative sometime in the mid-1970s? d. Compare the evolution of gross private domestic investment and of government consumption expenditures and gross investment during the 2007-2009 recession. Do they move in the same, or in opposite directions? Why would that be so?

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