Question

Journal Instructions Critical Thinking Assignment #2 This week you will look at real data for the components of GDP and will conduct a comparison over time. 1) Access GDP data on Mindtap under Research Tools, Macroeconomic Data At A Glance. 2) Review the components of GDP (consumption, investment, government spending, net exports) for the first quarter of 2018. 3) Compare those figures to the same quarter in 2016 and 2017. 4) Note any changes in the data over time. 5) Research what events may have led to the variances you have discovered. Remember to cite scholarly resources (i.e. not Wikipedia and the like). Upload your paper in Word. See the Syllabus for the paper specifications and rubric.

Answer 1

Since article mentioned is not given, I can only give you a hint to the solution.

You should see over a period of time the changes in consumption, investment, government expenditure and net exports. To find causes behind these policies refer to government policies like fiscal policies, monetary policies etc. An economy where consumption is more is good at present but will not be able to keep pace of economic growth in long term very high. You should also consider labour laws, inequalities of income while reviewing the facts.