Week 1 DQ1 – GDP in the U.S. economy
Week 1 DQ1 – GDP in the U.S. economy
In general, if GDP increases, this is usually an indicator of economic expansion and increased business activity. If GDP decreases, this is usually an indicator of economic contraction and decreased business activity.
At present, is GDP increasing or decreasing in the United States economy? Why?
Week 1 DQ 2 – More economic indicators: Inflation rates
1.What are some of the other effects of inflation on a national economy and on the people who live within that economy?
2.Also, how is inflation measured in the U.S. economy and in other national economies around the world?
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Question 1
The current United States GDP
The Gross Domestic Product of the United States is increasing. According to the financial results produced by the National Income and Product Accounts released on December 5th 2013, the GDP increased by 4.1 percent in the third quarter. This was an increase compared to that of the second quarter. According to the report, the GDP had increased by 2.5 percent in the second quarter, which was lower than the increase in the third quarter.
The continued increase in the GDP can be attributed to several factors. One……………….
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