BEA 2015: Table Analysis

Gross domestic product is the market value of final goods and services produced within a country in a given period. Which this is commonly considered an indicator of the standard of living within a country. Real GDP on the other hand is measure of the value of economic output that adjust for price changes. Nominal GDP is a gross domestic product figure that has not been

The increase largely showed a positive contribution from personal consumption expenditures (PCE), nonresidential fixed investment, residential fixed investment, private inventory investment, state and local government spending, and exports. Current-dollar GDP increased 3.4 percent, or $589.8 billion, in 2015 to a level of $17,937.8 billion, compared with an increase of 4.1 percent, or $684.9 billion, in 2014. Real disposable personal income rose 3.4 percent over the past four quarters, a rapid pace. At the same time, real consumer spending rose only 2.6 percent. This difference indicates that consumers have tended to save a rising fraction of their income gains over the past year.

Gross Domestic Product, also known as GDP, is defined as the dollar value of all final goods and service produced within the border of a country during a specific period of time, typically in one year. GDP measures the value for the whole country, and it also changes quickly. We can take a look at the trends of US GDP in the website of the U.S. Bureau of Economic Analysis.

Consider the following table: APPLES ORANGES Year Production/Price Production/Price 1995 20/ $0.50 10/$1.00 2000 10/ $1.00 10/$0.50 If 1995 is the base year, what is the GDP deflator for 2000?

A high GDP or a percentage increase is considered good and represents a positive, growing economy whereas a lower GDP (in comparison to other countries) or a percentage decrease represents just the opposite. In the article, it takes a closer look at the year so far and breaks it into quarters. The GDP has increased from 1.2% in January to 3% in August. The change and jump represents economic growth occurring.

For model (1), Table 2A contains average marginal effects for key variables in the study. In particular, when compared to white applicants, the probability of getting a loan approved decreases on average by 9.48% for American Indians, 3.96% for Asians, 8.49% for African-Americans, and 5.95% for Native Hawaiians. When compared with non-Hispanics, the probability of getting a loan approved decreases on average by 0.05% for Hispanics applicants. Looking at minority population tells us that a 1% nationwide increase in minorities decreases the average probability of getting a loan approved by 0.05%. However, a more insightful way to see how this varies by race is by looking at race by sex population.

Visit the Bureau of Economic Analysis Web site at  www.bea.gov  In U.S. Economic Accounts under  National click on Gross Domestic Product (GDP), then Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables, click “Begin using the data”, and use Section 1 - Tables 1.1.5 and 1.1.6 to identify the GDP (nominal GDP) and real GDP for the past four quarters.

The future of the economy is still going strong but one has not seen the great strides in advancement, as was the case from 1983 to 1993(economy). "Per capita personal income for the Nation is projected to increase 1.2 percent per year in 1993-2005, compared with a 1.4 percent increase per year in 1983-93. The growth rate slows as a result of the relationship between personal

In January of 2016 (for the U.S.), the personal savings rate was 5.2% [3]. In January of 2015, the personal savings rate was 5.5%. [4] From 2015 to 2016, the personal savings rate decreased by 0.3%. The GDP multiplier is 19.23 for 2016 (that means real GDP has total increase of $19.23 if the original planned expenditure was $1). The GDP multiplier is 18.18 and for 2015. The multiplier has increased between 2016 and 2015. The savings rate has decreased which means consumer spending has increased. Disposable income has also increased from March of 2015 to March of 2016.

After conducting an analysis of descriptive statistics, as found in Table I, the results reveal that $224.6 million dollars (M=$4.16 million, SD=$2.99 million) was spent across the 54 multimedia rights agreements during the 2015-2016 school year. The smallest financial payout is $375,000 and belongs to Northern Illinois, while the largest contract $12,358,087 million, belonging to the University of Texas. The disparity among institutions becomes more evident when analyzing the multimedia rights contracts. Of the $224.6 million dollars spent during the 2015-2016 season, $182.3 million was spent on institutions who compete in one of the “Power 5” conferences, meaning that the 31 “Power 5” institutions in this study receive 81.2% of the

In December 2015, The Bureau of Economic Analysis released its monthly report on International Trade in Goods and Services, and also provided the annual goods and services deficit. In 2015, according to the

For the data processing by using the tableau we are taking crime data from 2010 to 2016 in the city of Chicago and by creating the visualization with the date of the crime and number of crimes in each day we are looking to find the trend of crime from 2010 to 2016 by using the trend line whether the crime rate is increasing or decreasing from 2010 to 2016 and also to find which time (months) in the year crimes are more and less are determined in this visualization.

In the BEA release highlights document, you can see an increase if the GDP within the third quarter, which allows corporate profits to pick up. The document states that “increased 3.1 percent in the third quarter of

In earlier times Gross Domestic Product was one of the main indicators to measure a country’s wealth. Gross Domestic Product (GDP) is defined as the total value of all the goods and services produced by a nation in any given year ("Is the Gross Domestic Product (GDP) a Good Measure of Prosperity?"). There are two ways of calculating a country’s GDP. The first is the income approach which is calculated by adding the wages of workers, income from rent, interest and profits. The second, more common form of calculating GDP, is the expenditure approach. Here GDP totals consumption expenditure, investment, government spending and net exports. GDP statistics are considered to reflect a county’s economic output which could possibly lead to growth. However GDP is a measure of income and it should not be confused with wealth. Which is why most modern economists do not consider GDP to be a good measure of a

GNE and GDP(E) are different. GNE accounts for all final goods and services bought in a specific country including those bought from abroad also known as imports (M). For example, some households may spend on locally produced Peter’s ice cream while other residents may purchase Häagen-Dazs ice cream imported from USA. Despite their origin, both ice creams are accounted for in GNE. GDP(E) however, is only interested in measuring residents’ expenditure on domestically produced products as well as those goods and services produced domestically but sold in the foreign market known as exports (X). Hence, imports are deducted from the calculation of GNE whilst exports are added in order to arrive at GDP (E). In some circumstances, GDP(E) and GNE can be equal which is when no goods and services are imported nor exported. Another situation would be when total imports equals to total exports, hence trade balance would be zero.