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Textbook Site for:
Principles of Macroeconomics, Third Edition
John B. Taylor, Stanford University
Internet Exercises
Chapter 5: Measuring the Production, Income, and Spending of Nations


GDP

Questions:

Examine the Overview of the Economy page provided by the Bureau of Economic Analysis.

  1. What was the growth rate in real GDP for the most recent quarter reported?
  2. Which component of real GDP experienced the largest fluctuation in growth rates over the past 6 quarters?
  3. What happened to net exports last year? How can you tell?
  4. What happened to the size of the federal government deficit last year?


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