Course: ECO 110

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Unit 6 Assignment »

Unit 6 Assignment

Unit 6 Assignment

Please go the this website to answer the following (Please let me know the date of the release you are using in each case):
http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm   US Department of Commerce, Bureau of Economic Analysis
 
First, on this website you will need to download an excel file to answer one of the questions below. At the top of the page (from the link above) there are blue tabs. Click on the tab , "National". Then look under Gross Domestic Product and there is a line that says, "Percent change from preceding period". Click on that line and download that excel file. (You will need the quarterly data) Then on that same page (under national) go back to the top under "Gross Domestic Product" and click on "News Release: Gross Domestic Product " That will take you to the news release. However, once you get to the news release make sure you then check on the right and click "Full Release and Tables".  You will need to use the tables. (If you use the pdf pages and print them out, make sure you click on "fit to page" to get all of the tables. Also, please give me the date of the release you are using.  It is scheduled to change at the end of of the month. Thanks.
 
For real GDP (GDP in chained dollars) , what is the dollar figure (and percentage change) for the second quarter, 2014? (Note, I am asking for both the dollar figure and the percentage change from the previous period for the quarter. Make sure you note what that previous period is; that real GDP is in