Why was nominal gdp greater than real gdp

Assignment Help Macroeconomics

Reference no: EM13752746

Expenditures Approach to Calculating GDP

Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under National click on Gross Domestic Product (GDP), then Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables, click "Begin using the data", and use Section 1 - Tables 1.1.5 and 1.1.6 to identify the GDP (nominal GDP) and real GDP for the past four quarters.

a) Present the information that you received in your project.

b) Write a report, which contains the analysis of the results you received.

In this report consider, but do not be limited to the following:

Why was nominal GDP greater than real GDP in each of those quarters?

What was the percentage change in Nominal GDP for the most recent quarter compared to the previous quarter? What was the percentage change in Real GDP for the two quarters?

What accounts for the difference in the two percentages?

Reference no: EM13752746

Questions Cloud

Gross domestic product and gross national product : What is the difference between gross domestic product and gross national product (GNP)? What is the difference in what GDP measures compared to GNP?

Impact of social media on business performance of sunsilk : Write research paper on Impact of social media on business performance of "Sunsilk"

Case study on government regulation of tobacco products : Case Study On Government Regulation of Tobacco Products, Read the Government Regulation of Tobacco Products Discussion Case. In one to two pages, supported by evidence from your text and from other research, answer the following questions

Determine the greatest ethical dilemmas by globalization : Determine the greatest ethical dilemmas created by globalization and the best way to address those dilemmas. Provide specific examples to support your response.

Why was nominal gdp greater than real gdp : Why was nominal GDP greater than real GDP in each of those quarters - What was the percentage change in Nominal GDP for the most recent quarter compared to the previous quarter? What was the percentage change in Real GDP for the two quarters?

What is the maximum amount of gold extracted : A gold processor has two sources of gold ore, source A and source B. In order to keep his plant running, at least three tons of ore must be processed each day. What is the maximum amount of gold extracted

How valuable a low-cost leader''s cost advantage is depends : The general plan of major actions through which a firm intends to achieve is long-term objectives is called its. How valuable a low-cost leader's cost advantage is depends on

How much dough mix and topping mix are leftover : Bryant's Pizza, Inc. is a producer of frozen pizza products. The company makes a net income of $1.00 for each regular pizza and $1.50 for each deluxe pizza produced. How much dough mix and topping mix are leftover

Discounted cash flow analysis problems : Assume that you are nearing graduation and have applied for a job with a local bank. The bank's evaluation process requires you to take an examination that covers several financial analysis techniques. The first section of the test asks you to add..

User Account

All Pages