Solution-Calculate the national income accounts

Calculate the national income accounts

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Reference no: EM13917905

Visit: www.bea.gov

The Bureau of Economic Analysis is the National Income Accounting arm of the Department of Commerce. It has the responsibility to calculate the national income accounts (including Gross Domestic Product) and to provide this information. To go directly to the data I want visit: https://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1

This NIPA Tables page will provide you with all the data needed to complete the following assignment. Click on Section 1 - Domestic Product and Income, scroll down and click on Table 1.1.5. Gross Domestic Product. Next, click the Options icon and select 2001 for the first year and 2012 for the last year; then select the Annual button and click Update. For the years 2001 and 2012, I want you to provide the following data:

• Gross domestic product (GDP)

• Personal consumption expenditures

• Gross private domestic investment

• Net exports of goods and services

• Government consumption expenditures and gross investment

Reference no: EM13917905

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Calculate the national income accounts

Reference no: EM13917905

Reference no: EM13917905

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