Two DQ’s need to be answered in 9hours with 200 word count on each question ZERO PLAGARISM
1. Week 1 DQ1 – GDP figures for different countries around the world
To the best of my knowledge, gross domestic product data for most nations around the world is calculated according to a similar method and is available on a range of online sources. Earlier this month I found the following interactive website from the International Monetary Fund that shows current GDP trends for different parts of the world:
http://www.imf.org/external/datamapper/
Which parts of the world are experiencing the most economic growth in terms of real GDP figures? What about for the least economic growth? Are there any parts of the world for which data is not available? Why?
2. Week 1 DQ1 – GDP in the news and in the long run
In the United States, GDP figures are released in 2 or more volleys: first, an initial advanced estimate is made using the best data that is available, and second, updated figures follow after more precise data is available. For example, real GDP levels increased the U.S. economy in the third quarter of 2013 at a rate of 4.1% As a side note, GDP in the United States is tracked and calculated by the Bureau of Economic Analysis (BEA). You can read more about this at the BEA website in the following news release that was made several weeks ago:
http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
Based on the readings from this week, what is the long run average GDP level for the United States in recent years–perhaps over the last 50 years or so?
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