Instruction
Title: Determinants of economic growth and nominal real GDP growth rates. Determinants of economic growth are important in understanding the U.S. economic grown policy choices. This project is designed for students to understand the nature of the U.S. economic growth policies. a. List determinants of economic growth and provide a short explanation for each factor. b. Find the four components (C, I, G, NX) of GDP for 20 years and plot them. c. Find the U.S. real GDP growth rate for the past 20 years and plot them as a graph and describe your
findings on fluctuations of the U.S. real GDP. Source: Economic Indicators: U.S. Government Printing Office