1. What was the real GDP for 2009?
The real GDP for 2009 is 5.6 percent
2. What does GDP tells us?
It tells us the monetary value of all goods and services produced within the country excluding the income from abroad.
3. How did GDP change from 2008?
From the 4th quarter GDP of 2008 to the 4th quarter of 2009, the real GDP for 2009 increased to 0.1 percent because the real GDP for 2009 decreased to 1.9 percent
4. What caused these changes?
The decrease in the real GDP primarily reflects negative contributions from nonresidential and residential fixed investment, exports, private inventory investment, and personal consumption expenditures (PCE), equipment and software, investments that were partly off-set by a positive contribution from federal government spending
5. What was GNP for 2009?
The GNP for 2009 is 14.56 trillion
6. What was the difference between the GDP and GNP?
GDP is the Gross Domestic ...view middle of the document...
S. over the last several decades and average income that were higher in the U.S. to start and then became proportionately even higher as time went on.
10. What does NI tells us?
National income records the level of activity in accounts such as total revenues earned by domestic corporations, wages paid to foreign and domestic workers, the amount spent on sales and income taxes by corporations and individuals residing in the country.
11. What is the difference between the GNP and NI?
The GNP measures the market value of all final goods and services produced by a country’s citizens or residents and the National Income records the level of activity in accounts such as total revenues earned by domestic corporations and so forth.
12. How did NI change from 2008?
The NI changed because the financial devastation in 2008 served as a rude awakening that there were some serious problems with the global financial system. As it was mentioned earlier 2008 fell into the recession period.
13. What caused these changes?
Irresponsible lending plus government deficits increases were some of the main factors that led to the financial collapse.
14. What was the Disposable Income (DI) in 2009?
Increased by 1.1 percent
15. What does Disposable Income consist of?
It’s the income remaining after deduction of taxes and other mandatory charges available
to be spent.
16. How did DI change from 2008?
It rose to 2.3 percent in the first quarter of this year which is the first increase since 2010. Even with such gain, the homes estimation are worth $16.4 trillion, 28 percent below the peak set in 2006.
17. What causes these changes?
It’s during the recession period, the unemployment increases, wage depreciation and so forth.
18. What was the GDP in 2008 (sometimes called GSP) for your state?
The estimation for American Samoa shows GDP adjusted to remove price changes, which decrease to 4.7 percent in 2009 after the decreased of 2.1 percent in 2008. In comparison with real US GDP (excluding the territories), decreased 2.6 percent in 2009 after the remaining unchanged in 2009.