Access the Bureau of Economic Analysis Website: http://www.bea.gov/national/index.htm#gdpStudy real GDP growth rates and their components for the four most recent quarters and complete the following:Identify and explain the components that comprise GDP and their relative contributions to GDP. 3 pointsDescribe the recent rate of real GDP growth. 3 pointsIdentify and analyze the factors that have driven growth (or the lack of growth) in real GDP. 8 pointsIdentify any recent events or changes that have caused an increase in GDP but not a correlating increase in our nation’s standard of living. 3 pointsForecast real GDP growth over the next year and explain your answer. 3 pointsWhile this is not a paper, you must still properly cite your answer and write in full sentences. Your total assignment should be 3-7 pages long and submitted in a MS Word document.
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