Dropbox Question 3

Real GDP (constant-dollar)

1. What is the most recent figure (actual $ number, not %) released and from what quarter and year does it represent?
2. What is the annual rate of growth (%) for the most recent quarterly figure released?
3. Looking at the most recent four quarters, is the economy expanding, declining, or staying the same?
4. From the most recent quarterly data (actual $ number, not %), what is the level of

1. Consumption
2. Investment
3. Government
4. Net Exports

Nominal GDP (current-dollar)

1. What is the most recent figure (actual $ number, not %) released?

General Question

1. Should we primarily use real or nominal GDP when analyzing the economy?  Why?

Hint: Use the following website when looking for GDP data.

Bureau of Economic Analysis

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