Aggregate Demand, Aggregate Supply and Business Cycles, Factors that Influence Aggregate Demand, The Aggregate Demand Curve, Aggregate Supply, Aggregate Demand and Supply Equilibrium
Bureau of Economic Analysis - National Accounts Datahttp://www.bea.doc.gov/bea/dn1.htm
Select the "PDF" file of the "Selected NIPA Tables" in the "Current Period Estimates" section. Review page 2 (of 28) on "Gross Domestic Product" and page 3 (of 28) on "Gross Domestic Product by Major Types of Product."
- Assess the relative contributions of consumption, private investment, government spending (expenditure and investment), and net exports to aggregate demand (GDP).
- Review the "Summary of Percent Change" data on page 1 (of 28) and identify which factors may have had a significant influence on the recent slow down of the U.S. economy. (Hint: Look for large negative percent changes.)
- Calculate the relative shares of the services and goods sectors of the U.S. economy. Identify potential determinants that can positively shift the aggregate supply (goods and services) curve.