Math/Physic/Economic/Statistic Problems
In this report consider, but do not be limited to the following:
Why was the nominal GDP greater than the real GDP? By how much?
GDP is composed of a number of categories. What category makes up the largest portion of GDP? What category makes up the smallest portion of GDP?
What is “Gross private domestic investment”? What does gross private domestic investment measure?
What is “Net exports of goods and services”? Why it is negative?
In the left part of the table 3 (nominal GDP) find the category “National defense”. How much was the National defense for the last quarter?
Calculate percentage of National defense out of “Government consumption expenditures and gross investment”. Calculate percentage of National defense out of GDP.
Analyze and discuss the significance of the data that you received for this Data exercise.
What is the difference between gross domestic product (GDP) and gross national product (GNP)? What is the difference in what GDP measures compared to GNP?
Based on the table, what calculations must you make to determine GNP from GDP?
What is national income (NI)? What does NI measure?
Which was higher in this year, GNP or NI? By how much?
What calculations must you make to determine NI from GNP?
NI is composed of a number of categories. What category makes up the largest portion of NI?
What calculations must you make to determine Personal Income from National Income?
What calculations must you make to determine Personal Disposable Income and Personal Savings?
Analyze and discuss the significance of the data that you received
Reflect on what you have learned from this exercise.