ATA EXERCISE #1 Format of the Project:

30 Jun ATA EXERCISE #1 Format of the Project:

ATA EXERCISE #1

Format of the Project:

The Data Exercise must be posted to the LEO Student Assignments as a Attachments are limited

to a maximum two files in doc, docx., xls. xlsx., or rtf. formats. OTHER FORMATS ARE NOT

ACCEPTABLE, will not be reviewed or graded.

Please note that hand-written and scanned works, pdf. files, jpg. files, as well as files posted

in google drive, will not be accepted or graded.

The paper should be written in APA style Research Paper format.

Please note that Use of APA Citation Methodology is required for all parts of the assignment

Written projects must be:

1.

typed, double-spaced, in 12-point Times New Roman or Arial font, with margins no

wider than one inch

2.

have footnotes or endnotes, with correct citations

3.

have a bibliography of sources used

4.

include, for each entry, the author, title, city and state of publisher, publisher’s name,

year, and page numbers

5.

prepared using word processing software (Microsoft Word preferred), in a manner similar

to the preparation of a written assignment for classroom submission

Data exercise #1 Assignment

Consists of four parts

Part 1: Expenditures Approach to Calculating GDP (weight 25% of the assignment grade)

Complete the following exercise

Visit the Bureau of Economic Analysis website at

www.bea.gov

. From the drop-down

menu under “Data”, click on “by Economics Account”. Then click on “National”, “Gross

Domestic Product, and “Full Release and Tables”. Use table 3 (Gross Domestic Product:

Level and Change from Preceding Period). The left columns are nominal GDP (and its components) and the right half represents real GDP (chained 2012 dollars)

a) Create the table that contains the following information for the last quarter. You need this information from both parts of the table 3- (nominal GDP (and its components) from left columns and real GDP (chained 2012 dollars) from the right part of the table 3). Omit the intermediate lines found in Table 3 on the web site.

Gross domestic product

Personal consumption expenditures

Gross private domestic investment

Net exports of goods and services

Government consumption expenditures and gross investment

1.

b)

Calculate the percentage (the proportion) of each category in nominal GDP and

in real GDP.

Using Nominal GDP:

[Personal consumption expenditures / Nominal GDP]*100%

[Gross private domestic investment / Nominal GDP]*100%

[Net exports of goods and services / Nominal GDP]*100%

[Government consumption expenditures and gross investment/ Nominal GDP]*100%

And using Real GDP:

[Personal consumption expenditures /

Real

GDP]*100%

[Gross private domestic investment /

Real