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ECO 201 Module 2 Assignment 2 What is Gross Domestic Product (Argosy) Latest Work

  • ECO 201 Module 2 Assignment 2 What is Gross Domestic Product (Argosy) Latest Work
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ECO201 Module 2 Assignment 2 What is Gross Domestic Product (Argosy) Latest Work

Go to the following website:


www.bea.gov/index.htm

Based on the information contained on the website above, answer the following questions:

  1. What was Real GDP for 2009?
    1. What does GDP tell us?
    2. How did GDP change from 2008?
    3. What caused these changes?
  2. What was GNP for 2009?
  3. What is the difference between GDP and GNP?
  4. How did GNP change from 2008?
  5. What caused these changes?
  6. What does National Income tell us?
  7. What is the difference between GNP and NI?
  8. How did NI change from 2008?
  9. What caused these changes?
  10. What does Disposable Income consist of?
  11. How did DI change from 2008?
  12. What caused these changes?
  13. What was National Income (NI) for 2009?
  14. What was Disposable Income (DI) for 2009?
  15. What was GDP in 2008 (sometimes called GSP) for your state?

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