Based on the information contained on the website above, answer the following questions:
- What was Real GDP for 2009?
- What does GDP tell us?
- How did GDP change from 2008?
- What caused these changes?
- What was GNP for 2009?
- What is the difference between GDP and GNP?
- How did GNP change from 2008?
- What caused these changes?
- What was National Income (NI) for 2009?
- What does National Income tell us?
- What is the difference between GNP and NI?
- How did NI change from 2008?
- What caused these changes?
- What was Disposable Income (DI) for 2009?
- What does Disposable Income consist of?
- How did DI change from 2008?
- What caused these changes?
- What was GDP in 2008 (sometimes called GSP) for your state?
Submit your responses in an Microsoft Word document in a short answer/worksheet format.
| Researched the data correctly and answered each question in a complete and accurate manner. Sixteen points for each question, 1-5. | |
| Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. |