HELP ON BEC (BASIC ECONIMICES) 250 POINT!!!!!!!!!!!!!!!!!!!!!!!!!
take a look at Table 7.1 in chapter 7 of the textbook. I want you to create an updated version of this table with data for last year. Start by going to the Bureau of Economic Analysis page for GDP (https://www.bea.gov/data/gdp/gross-domestic-product) and click on "Current Release." From there, you'll click on "Related Materials" and find the "Full Release and Tables." In those tables, you should be able to find the data you need to update Table 7.1. Be careful! Lots of GDP data on the BEA website is given in terms of growth rates (percentage changes), but you need what they call the "level" of GDP (it's actual amount), not the percent change from the previous period! I've created a template that you can use if you'd like. Or you can make your own table either by hand or on a computer. It's totally up to you. One last warning: some of the names of the categories may appear slightly different on the BEA tables, but they are all close enough that you should be able to figure them out.
The Chat Should Look like this
Category Billions of Dollars Last Year
Personal consumption ?
Nonresidential investment ?
Residential investment ?
Change in private inventories ?
Government consumption and investment ?
Net exports of goods and services ?
Gross domestic product ?