Download the Gross Domestic Product Table from the Bureau of Economic Analysis’ Site and Paste It Into Your Answer.

• getting or using services – such as banking and insurance services, services provided by government departments, transport or telecommunication services, professional services like those provided by lawyers, doctors or tradespeople, services provided by restaurants, shops or entertainment venues.

imports and exports foreign and domestic goods every day. As I have stated before this is

For example, clothes, which is an essential resource, in

* Products that are commonly imported in the United States are oil, cars, and clothes. These products are very important to humanity.

We have to figure out what a “typical” consumer buys. Imagine a shopping cart – you fill it up with items that a typical consumer will purchase.

The most popular exports are gold, silver, cocoa, sugar, coffee, tobacco, meats, and consumer goods. As things are getting more advanced new ways to make money are being

As we all know, measuring Gross Domestic product is usually complicated. However, this can be done through three means. The GDP calculation techniques include expenditure method, the product technique

Commodity is something of use, something that is valuable in most cases this refers to a

"GDP or Gross Domestic Product is defined as the total value of final goods and services produced within a country's border during a specific period, usually a year." The phrase "produced within a

The U.S economy is a mixed economy and it is the largest in the world. It accounts for 17 to 22 percent of the world’s GDP. Consumer spending in U.S accounts for 70% of the national economy. People generally spend on necessities like food, housing and clothes and on buying non-essential goods and services that fall under discretionary spending category. With a huge reduction in gas price and unemployment there is a steady increase in discretionary spending these days. According to U.S bureau of labor statistics consumer spending increased 3.4 percent in 2015 after advancing 4.2 percent in 2014.

Specific products that have above average usage for this group are small appliances, footwear, furniture, and food.

Plastic. So much of what we buy is covered with it. We affiliate ourselves so commonly with plastic that I’m certain you wouldn’t be able to give an intellectual definition of it. It would be like explaining what work is. When, for whatever reason, you look up the definition of plastic, you get three results: plastic the material (the noun), and the other two results both tell you how to use the word as an adjective. But there’s a completely different meaning for the word plastic that isn’t a part of the common definitions. That plastic defines me, at times as a student, but doesn’t always portray me as passionate soccer fan. That meaning is fake or flexible or even foreign.

2. Based on the table, what calculations must you make to determine GNP from GDP?

GDP consists of Gross (before taking into consideration the depreciation in the value of the product), Domestic (within the borders of a country) and Product which simply means a good or service. So what does it all mean when all these three factors are interlinked? GDP is simply the market value of all the final goods and services produced within a country in a given time period – usually a year (Parkin et al. 2005: 438).

In general, intangible assets are assets that are not physical in nature. Corporate intellectual property (items such as patents, trademarks, copyrights, business methodologies), goodwill and brand recognition are all common intangible assets in today's marketplace.