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Use the interactive feature of the Bureau of Economic Analysis Web site, www.gov (Links to an external site.) Links to an external site.
Use the interactive feature of the Bureau of Economic Analysis Web site, www.bea.gov
(Links to an external site.)
Links to an external site.
, to access the National Income and Product Account Tables.
Select National Tab and then select Interactive Tables. On that page, select Begin Using Data. Select Domestic Product and Income and then find Table 1.1.6, which will give you access to real GDP figures for the U.S. economy.
From Table 1.1.6 find the levels of real GDP, personal consumption expenditures (C), gross private investment (Ig), net exports (X n), and government consumption expenditures and gross investment (G) in the fourth quarter of 2008 and the first quarter of 2009.
a. By what percentage did real GDP decline over this period?
b. Which of the four broad components of aggregate demand decreased by the largest percentage amount?
