ECON 201 – DATA EXERCISE #1

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DATA EXERCISE #1

Due at the end of week 2

Format of the Project:

The Data Exercise must be posted to the LEO Student Assignments as a Attachments are limited to a maximum two files in doc, docx., xls. xlsx., or rtf. formats. OTHER FORMATS ARE NOT ACCEPTABLE, will not be reviewed or graded.
Please note that hand-written and scanned works, pdf. files, jpg. files, as well as files posted in google drive, will not be accepted or graded.
The paper should be written in APA style Research Paper format.
No more than 20% of the text of the project should be made up of quotes.
Please note that Use of APA Citation Methodology is required for all parts of the assignment
Written projects must be:
  1. typed, double-spaced, in 12-point Times New Roman or Arial font, with margins no wider than one inch
  2. have footnotes or endnotes, with correct citations
  3. have a bibliography of sources used
  4. include, for each entry, the author, title, city and state of publisher, publisher’s name, year, and page numbers
  5. prepared using word processing software (Microsoft Word preferred), in a manner similar to the preparation of a written assignment for classroom submission 

Data exercise #1 Assignment

Consists of four parts.

Part 1: Expenditures Approach to Calculating GDP (weight 25% of the assignment grade)
Complete the following exercise
Visit the Bureau of Economic Analysis website at www.bea.gov. From the drop-down menu under “Data”, click on “by Economics Account”.
Then click on “National”> “Gross Domestic Product > and “Full Release and Tables”. (To find “Full Release and Tables” you need to scroll down the page to the section “Current Release”.
Use table 3 (Gross Domestic Product: Level and Change from Preceding Period). Table 3 is located on page 9, so you need to scroll all the way down to page 9.
The left columns are nominal GDP (and its components) and the right half represents real GDP (chained 2012 dollars).
  1. Create the table that contains the following information for the last available quarter. Please note that using the data for previous quarters will produce grade zero for this part of the project.