Key Concepts: Aggregate Demand, Aggregate Supply and Business Cycles, Factors that Influence Aggregate Demand, The Aggregate Demand Curve, Aggregate Supply, Aggregate Demand and Supply Equilibrium

Bureau of Economic Analysis—National Accounts Data

Select the "PDF" file of the "Selected NIPA Tables" in the "Current Period Estimates" section. Review page 2 (of 28) on "Gross Domestic Product" and page 3 (of 28) on "Gross Domestic Product by Major Types of Product."

• Assess the relative contributions of consumption, private investment, government spending (expenditure and investment), and net exports to aggregate demand (GDP).
• Review the "Summary of Percent Change" data on page 1 (of 28) and identify which factors may have had a significant influence on the recent slow down of the U.S. economy. (Hint: Look for large negative percent changes.)
• Calculate the relative shares of the services and goods sectors of the U.S. economy. Identify potential determinants that can positively shift the aggregate supply (goods and services) curve.