Complete the following homework scenario:

• Using only websites ending in .gov, report the current GDP, the current Federal deficit, the current Federal debt, and the bottom line of the current (last) budget approved by Congress(surplus or shortage). Note that the fiscal year for the federal government is October 1 – September 31.
• What inference can you draw from the numbers collected?

Answer preview

According to the US Bureau of Economic Analysis, the current real gross domestic product has increased with the annual rate of 2.0 percent in the first quarter of 2018. In the fourth quarter, real GDP increased by 2.9 percent. Therefore, GDP of the first quarter to grow to a level of $19.96 trillion. The current trade deficit amounts $804.0 billion and the current federal debt amounts to $ 21,202,722,8988,489,06. The federal government finished the fiscal year of 2017 with a deficit of $ 666 billion, which was an increase of $ 80 billion years of the previous year (Bureau of Economic Analysis, 28th June 2018)…

 

(340 words)