14 May HOW DID GDP CHANGE FROM 2013?
Go to the following website:
www.bea.gov/index.htm
Based on the information contained on the website above, answer the following questions:
- What was Real GDP for 2014?
- What does GDP tell us?
- How did GDP change from 2013?
- What caused these changes?
- What was GNP for 2014?
- What is the difference between GDP and GNP?
- How did GNP change from 2013?
- What caused these changes?
- What was National Income (NI) for 2014?
- What does National Income tell us?
- What is the difference between GNP and NI?
- How did NI change from 2013?
- What caused these changes?
- What was Disposable Income (DI) for 2014?
- What does Disposable Income consist of?
- How did DI change from 2013?
- What caused these changes?
- What was GDP in 2013 (sometimes called GSP) for your state?
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