Question

1. Research government Web sites for the four macroeconomic indicators for the U.S. for a period of 10 years between 1970%u2013present: GDP%u2014nominal and real Trade Balance Personal Income and Spending Manufacturing and Trade Inventories and Sales 2. Analyze the findings and comment on the economic growth of the U.S. during the period selected by you. Support your findings with proper rationale and calculations, wherever necessary. In your analisis include the following: Explanation of why you choose that period Application of the Keynesian equation Shares of consumption, investment, and government spending as a part of GDP. Use nominal GDP for these calculations. Biggest contributor in GDP. Consumer price index (CPI) and the GDP deflator using the chain-type price index for GDP. The inflation rate.