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Management Studies

Question 1. Go to the BEA website (http://www.bea.gov). On the left tab under Resources, go to the Interactive Data. Select GDP & Personal Income. Under Section 1, see Tables 1.1.6 and 1.1.7. Examine all four components of GDP (C, I, G, and Xn). Which of these four components of AD are rising and which are dropping? On the top right hand corner of the page, you can click on Modify to select prior years.

Question 2. What is GDP? What is the measure of GDP and changes in GDP over time used for?

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