Directions:
The real GDP Aggregate Expenditure equation:
Real GDP = C + I + G + NX
Below are 4 recent headlines concerning the U.S. economy. For each headline, write the following,
1. Discuss in detail which component of real GDP equation is most impacted by the headline. For example, if headline mentions prices and income, consumption spending will be most impacted.
2. Discuss how each headline could affect real GDP. ( Increase, decrease, no change)
4 Headlines
New England business grapple with Supply Chain Issues.
U.S. Democrats pass $1 trillion infrastructure bill, ending daylong standoff.
Inflation matches 13 year high in September, outpacing workers pay again.
Dollar rebound continues as Euro plunges.
Paper is to be typed, double-spaced, font between 10 and 12 and 2 to 3 pages in length. Five points will be deducted each day your paper is late.
If you use any outside source, you must include a Works Cited page. Below is a link to help set up Works Cited page. I prefer MLA but if you are more comfortable with APA format, I will accept that.
