Assignment: What Is Gross Domestic Product?
Go to the bea gov website:
Based on the information contained on the website above, answer the following questions:
1. What was Real GDP for 2014?
1. What does GDP tell us?
2. How did GDP change from 2013?
3. What caused these changes?
2. What was GNP for 2014?
1. What is the difference between GDP and GNP?
2. How did GNP change from 2013?
3. What caused these changes?
3. What was National Income (NI) for 2014?
1. What does National Income tell us?
2. What is the difference between GNP and NI?
3. How did NI change from 2013?
4. What caused these changes?
4. What was Disposable Income (DI) for 2014?
1. What does Disposable Income consist of?
2. How did DI change from 2013?
3. What caused these changes?
5. What was GDP in 2013 (sometimes called GSP) for your state (Alabama)?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.