Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

Exercise 4

UPDATE THE KEY NATIONAL INCOME AND PRODUCT ACCOUNT NUMBERS Go to the Bureau of Economic Analysis Web site, www.bea.gov , and access the BEA interactively by selecting National Income and Product Account Tables. Select Frequently Requested NIPA Tables, and find Table 1.1 on GDP. Update the data in the left column of the text's Table 6.3, using the latest available quarterly data. Search the full list of NIPA tables to find the latest reported data for national income (NI), personal income (PI), and disposable income (DI). Update the data in the text's Table 6.4 for these three items. By what percentages are GDP, NI, PI, and DI higher (or lower) than the numbers in the table