Week 4 Discussions Business & Finance homework help

Click here to Order a Custom answer to this Question from our writers. It’s fast and plagiarism-free.

GDP and Economic Growth

Q.1

This discussion is a great opportunity to learn about one of the most fundamental aspects of our economy—the Gross Domestic Product (GDP). The GDP is the total value of final goods and services (output) the economy produces during a given period of time.

To gain a better understanding of GDP and how countries become wealthy, please review the following informative video.

·   
Productivity and Growth

To learn about the GDP in the real world and to answer the discussion questions, follow the steps below to obtain data from the Bureau of Economic Analysis.

1. Go to 
bea.gov
.

2. Click on the Tools tab (on the top).

3. Click on Interactive Data.

4. Click on GDP & Personal Income under National Data.

5. Click on Begin using the data.

6. Click on SECTION 1: Domestic Product and Income.

7. Click on Table 1.1.1. Percent Change from Preceding Period in Real Gross Domestic Product (A) (Q).

To expand your search, click on Modify on the top middle portion of the table above the results, and then change the First Year to 2005 and the Last Year to the current year. Change the Series to Annual, and then click on Refresh Table. Note what happened before and after the recession of 2007-2008.

Also, explore other tables, particularly Table 1.1.2. and Table 1.1.4, to learn about changes in prices and how and why GDP changes.

· What is the current GDP growth rate? Also, examine the trend of GDP growth over the past few years.

· What stage of the business cycle is the U.S. economy currently in given the trend of GDP growth?

· What components of GDP tend to decline significantly during recessions (particularly during the 2008 recession), and what GDP components rise during expansion? In other words, what aspects of GDP are mostly affected when the economy slows down, and why?

Q.2

Showing a Graph

Below is a graph I was able to produce given instructions 1-7 (as shown above). I modified the data so that I can show 2015-2021 (in quarters). 

To post a graph, click on the images icon, upload image, (after you have saved the graph to your computer), upload the image and click on submit. After you submit, you might want to change the image size. You can then describe what you see in your image. I see a sharp decline in GDP and then a huge gain in GDP all in 2020, which was obviously due to the pandemic.

Please add your GDP % change graph to one of your discussion posts this week. If you don’t know how to do this, now is a great time to start. Please see the following link which provides you the instructions on how to add an image to the discussion post: (
https://community.canvaslms.com/t5/Student-Guide/How-do-I-embed-an-image-in-a-discussion-reply-as-a-student/ta-p/313) (Links to an external site.)

Chart, line chart Description automatically generated

GDP and Economic Growth

Q.1

This discussion is a great opportunity to learn about one of the most fundamental aspects of our

economy

the Gross Domestic Product (GDP). The

GDP is the total value of final goods and

services (output) the economy produces during a given period of time.

T

o gain a better understanding of GDP and how countries become wealthy, please review the

following informative video.

·

Productivity and Growth

To learn about the

GDP in the real world and to answer the discussion questions, follow the steps

below to obtain data from the Bureau of Economic Analysis.

1.

Go to

bea.gov

.

2.

Click on the Tool

s tab (on the top).

3.

Click on Interactive Data.

4.

Click on GDP & Personal Income under National Data.

5.

Click on Begin using the data.

6.

Click on SECTION 1: Domestic Product and Income.

7.

Click on Table 1.1.1. Percent Change from Preceding Period in Real Gross Dome

stic

Product (A) (Q).

To expand your search, click on Modify

on the top middle portion of the table above the results, and

then change the First Year

to 2005 and the Last Year to the current year. Change the Series

to

Annual, and then click on Refresh Table. Note what happened

before and after the recession of

2007

2008.

Also, explore other tables, particularly Table 1.1.2. and Table 1.1.4, to learn about changes in prices

and how and why GDP changes.

·

What is the current GDP growth rate? Also, examine the trend of GDP growth ove

r the

past few years.

·

What stage of the business cycle is the U.S. economy currently in given the trend of

GDP growth?

·

What components of GDP tend to decline significantly during recessions (particularly

during the 2008 recession), and what GDP components

rise during expansion? In other

words, what aspects of GDP are mostly affected when the economy slows down, and

why?

Q.2

Showing a

Graph

Below is a graph I was able to produce given instructions 1

7 (as shown above). I

modified the data so that I can show 201

5

2021 (in quarters).

To post a graph, click on the images icon, upload image, (after you have saved the

graph to your computer), upload the image and click on submit. After you submit, you

might want to change the image size. You can then describe what y

ou see in your

image. I see a sharp decline in GDP and then a huge gain in GDP all in 2020, which

was obviously due to the pandemic.

GDP and Economic Growth

Q.1

This discussion is a great opportunity to learn about one of the most fundamental aspects of our

economy—the Gross Domestic Product (GDP). The GDP is the total value of final goods and

services (output) the economy produces during a given period of time.

To gain a better understanding of GDP and how countries become wealthy, please review the

following informative video.

· Productivity and Growth

To learn about the GDP in the real world and to answer the discussion questions, follow the steps

below to obtain data from the Bureau of Economic Analysis.

1. Go to bea.gov.

2. Click on the Tools tab (on the top).

3. Click on Interactive Data.

4. Click on GDP & Personal Income under National Data.

5. Click on Begin using the data.

6. Click on SECTION 1: Domestic Product and Income.

7. Click on Table 1.1.1. Percent Change from Preceding Period in Real Gross Domestic

Product (A) (Q).

To expand your search, click on Modify on the top middle portion of the table above the results, and

then change the First Year to 2005 and the Last Year to the current year. Change the Series to

Annual, and then click on Refresh Table. Note what happened before and after the recession of

2007-2008.

Also, explore other tables, particularly Table 1.1.2. and Table 1.1.4, to learn about changes in prices

and how and why GDP changes.

· What is the current GDP growth rate? Also, examine the trend of GDP growth over the

past few years.

· What stage of the business cycle is the U.S. economy currently in given the trend of

GDP growth?

· What components of GDP tend to decline significantly during recessions (particularly

during the 2008 recession), and what GDP components rise during expansion? In other

words, what aspects of GDP are mostly affected when the economy slows down, and

why?

Q.2

Showing a Graph

Below is a graph I was able to produce given instructions 1-7 (as shown above). I

modified the data so that I can show 2015-2021 (in quarters).

To post a graph, click on the images icon, upload image, (after you have saved the

graph to your computer), upload the image and click on submit. After you submit, you

might want to change the image size. You can then describe what you see in your

image. I see a sharp decline in GDP and then a huge gain in GDP all in 2020, which

was obviously due to the pandemic.

Place your order now for a similar assignment and have exceptional work written by one of our experts, guaranteeing you an A result.

Need an Essay Written?

This sample is available to anyone. If you want a unique paper order it from one of our professional writers.

Get help with your academic paper right away

Quality & Timely Delivery

Free Editing & Plagiarism Check

Security, Privacy & Confidentiality