Assignment: GDP
a. Define GDP in your own words.
b. Report the current GDP in trillions of dollars.
c. Report the current federal debt in trillions of dollars.
d. Report the outlays for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
e. Report the revenues for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
f. Report the deficit for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
g. Report the debt held by the public for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
h. Discuss the conclusions drawn from the numbers collected and provide insight about the impact of the numbers on the American economy in a response that is at least five sentences in length.
Format your assignment according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.