GDP Research Paper Submit Assignment Due Sunday by 11:59pm Points 50 Submitting
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GDP Research Paper Submit Assignment Due Sunday by 11:59pm Points 50 Submitting a text entry box or a file upload In this assignment, you will visit the website of the U.S. Bureau of Economic Analysis (BEA) and review current information regarding current real Gross Domestic Product (GDP) trends. You can find this information by clicking on the above link and then selecting the "Release Highlights" link on the right hand side of the webpage Answer the following questions in essay form (500 words minimum) Your completed essay should be in either APA or MLA format and include citations from at least 3 sources (1 citation may include the textbook and 1 citation may include the Bureau of Economic Analysis website). Save your work as an doc or docx file, and submit your completed essay through this link above, which is the name for the assignment. 1. What trends in real GDP have occurred in the time period shown in the BEA release highlights document? What time period shown in the document experienced the 3. most significant growth? What time period shown in the document experienced the 5. least amount of growth? Based on the data you have researched, what do y real GDP will do during the duration of this year? Be specific in your answer. What will be the primary cause that will cause your prediction in the previous question to occur? Why? 2. 4 ou projectExplanation / Answer
1. First Quarter of GDP:
The first quarter of Gross Domestic Product(GDP) 2018 recorded as 2.2 as per the Second Estimate. Actually, the GDP was estimated in the first quarter 2018 was 2.3 as per Advance Estimate. However, as per the Bureau of Economic Analysis(BEA), comparing between Advance Estimate and Second Estimate it is decreased to 0.1(Advance Estimate 2.3 - 2.2 Second Estimate)percent.
As per the BEA, the GDP of the first quarter 2018 of the Third Estimate will be announced on June 28th, 2018.
Based on the data of Advance & Second Estimate of first quarter 2018 will be calculated and finally, we came to know about the actual GDP of first quarter as on June 28, 2018 by the Third Estimate. Also, Corporate profits, 1st quarter 2018 as per the revised estimate will be released the information on June 28th , 2018.
Second Quarter of GDP:
Advance Estimate - As per the BEA, the Advance Estimate of the Second quarter of GDP in 2018 will be officially declared as on July 27th, 2018.
Second Estimate - The Second quarter of GDP in 2018 will be released the information on August 29th, 2018 as per the Second Estimate.
Third Estimate: The Second Quarter of GDP in 2018 will be announced as on September 27th, 2018 as per the Third Estimate.
Highlights of the first quarter in GDP:
The GDP impact was shown on the below areas well and increased in the first quarter of 2018. Comparing with 2017 last quarter it’s not reached well of GDP and its difference is (Third Estimate of 2017 4th quarter 2.9 - 2.2 Second Estimate of first quarter 2018 GDP) 0.7 percent. So, overall it is decreased the GDP to 0.7 percent.
[(Government spending + Inventory + Investment + Consumption + Exports) - (Imports)]
Corporate Profits:
Coming to Corporate profits in Financial sector is increased to 0.5 percent and a Nonfinancial sector is decreased to 1.5 percent. They received profits from the rest of world is increased to 1.0 percent.
2. Based on the statistical data, the most significant growth of GDP was recorded in the year of 2017.
Because in the first quarter it was recorded to 1.4 later it was gradually and constantly maintain 2 plus percentage. So, I thought that the significant growth in GDP was recorded in the year 2017.
3. As per the observing of statistical data, the least amount of growth in GDP was recorded in the year of 2015.
Because it is gradually decreasing from first quarter of 2015 to fourth quarter of 2015. So, the least amount of growth in GDP was affected in the year 2015 in the U.S.
4. As per my observation/research done on the GDP of U.S, it was recorded 2.2 only as per Second Estimate in the first quarter, 2018 compared with fourth quarter of 2017 was recorded at 2.9 percent. We will not keep the good hopes to improve the GDP in the Third Estimate because it may slightly increase or decrease 1 percentage.
Probably the U.S government take necessary actions to improve the Second Quarter of GDP in 2018 after keen observed the percentage of the first quarter of GDP in 2018 as per the Second Estimate.
As per my analysis, the GDP will be reached to 3 percent when it reached to the fourth quarter of GDP in 2018 OR end of this year.
If the U.S government is taking necessary actions on the above-mentioned fields ultimately it may cross the 3 percentage also, it may have a chance to reach the good percentage.
This is my analysis as per the observation of data.
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