Assignment 2: What is Gross Domestic Product?
Go to the following website:
www.bea.gov/index.htm
Based on the information contained on the website above, answer the following questions:
- What was Real GDP for 2009?What does GDP tell us?How did GDP change from 2008?What caused these changes?
- What was GNP for 2009?What is the difference between GDP and GNP?How did GNP change from 2008?What caused these changes?
- What was National Income (NI) for 2008?What does National Income tell us?What is the difference between GNP and NI?What caused these changes?
- What was Disposable Income (DI) for 2009?What does Disposable Income consist of?How did DI change from 2008?What caused these changes?
- What was GDP in 2008 (sometimes called GSP) for your state?
Submit your responses in an Microsoft Word document in a short answer/worksheet format.
By Wednesday, July 3, 2013, submit your responses to the appropriate M2: Assignment 2 Dropbox.
Assignment 2 Grading Criteria | Maximum Points |
Researched the data correctly and answered each question in a complete and accurate manner. Sixteen points for each question, 1-5. | |
Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. | |
Total: | 100 |