Where is the United States in the business cycle?

joyce November 27, 2015

Part II

Go to the Bureau of Economic Analysis at http://bea.gov/, and look up the latest new release for real GDP. Address the following questions after reading the latest release:

  • Where is the United States in the business cycle?
  • What is the real GDP today?
  • What is the largest component of GDP?
  • What is the smallest component of GDP?
  • What is the fastest growing component of GDP, and why?
  • What components of GDP were involved in the change from last month to this month?
  • What is the price index today?
  • What caused the change?