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Pages:
2 pages/≈550 words
Sources:
3 Sources
Style:
MLA
Subject:
Mathematics & Economics
Type:
Research Paper
Language:
English (U.S.)
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MS Word
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Topic:

GDP Research Paper: U.S. Real Gross Domestic Product

Research Paper Instructions:

In this assignment, you will visit the website of the U.S. Bureau of Economic Analysis (https://www(dot)bea(dot)gov/data/gdp/gross-domestic-product.) and review current information regarding current real Gross Domestic Product (GDP) trends. You can find this information by clicking on the above link and then selecting the "Release Highlights" link on the right hand side of the webpage.
Answer the following questions in essay form (500 words minimum). Your completed essay should be in either APA or MLA format and include citations from at least 3 sources (1 citation may include the textbook (Module 2)and 1 citation may include the Bureau of Economic Analysis website). Save your work as an doc or docx file, and submit your completed essay through this link above, which is the name for the assignment.
What trends in real GDP have occurred in the time period shown in the BEA release highlights document?
What time period shown in the document experienced the most significant growth?
What time period shown in the document experienced the least amount of growth?
Based on the data you have researched, what do you project real GDP will do during the duration of this year? Be specific in your answer.
What will be the primary cause that will cause your prediction in the previous question to occur? Why?

Research Paper Sample Content Preview:
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Instructor
Subject
Date
U.S. Real Gross Domestic Product
According to the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) in the first quarter of 2019 increased at an annual rate of 3.1 percent. The rate was higher compared to 2018 quarter four’s 2.2 percent increase. Since 2016, the trend has been ranging 1-3% increase with 2018 quarter two and three recordings an exponential growth of between 3 and 4 percent increase. Also, the real gross domestic income (GDI) recorded an increase of 1.4% in the first quarter against a 0.5% increase in quarter four of 2018. In general, 2019 quarter one exhibits growth in both GDP and GDI. Positive contributions from personal consumption expenditure (PCE), exports, government expenditure, fixed investment, private inventory investment, and reduced imports influenced the positive rise in GDPCITATION USD19 \l 1033 (Bureau of Economic Analysis).
Quarter 2, 2018 experienced the most profound growth of 4.1 percent. The increase came long after a similar growth in 2014’s third quarter that recorded a 4.9% rise in real GDP. During the second quarter, personal consumption increased by 4 percent as business investment grew by 7.3 percent and government outlays also rose by 3.5 percent CITATION Jef18 \l 1033 (Cox). The current-dollar GDP increased by 7.6 percent from 7.4 for quarter one with a rise in PCE price index rise of 1.9 percent causing a positive impact on the second quarter real GDPCITATION USD19 \l 1033 (Bureau of Economic Analysis).
The fourth quarter of 2015 experienced the least growth by recording a rise of about 0.7 percent. The slowed growth in GDP was marked by low consumption, falling exports, and reduced investment. Also, high inventory stocks flowing from the second quarter caused a reduction i...
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