For this assignment, you will research information related to the GDP (Gross Domestic Product). This will help you practice using the Internet as a research tool for finding financial information and you will gain insights about how the United States participates in the global economy by providing goods and services to other countries.
Use the Week 3 GDP Homework Word Document template provided below to complete your assignment before uploading it to the assignment submission area.
Use a search engine such as Google to do the following:
Define GDP in your own words.
Report the current GDP in trillions of dollars.
Report the current Federal debt in trillions of dollars.
Report the outlays for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
Report the revenues for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
Report the deficit for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
Report the debt held by the public for the bottom line of the current (last) budget approved by Congress (surplus or shortage).
Discuss the inferences drawn from the numbers collected and provide insight about the impact of the numbers on the American economy in a response that is at least 5 sentences in length.
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