Tuesday, January 11, 2011

Blog Assignment #2

1. Economists, Lawmakers, and investors are just some of the people who would care about the Gross Domestic Product of a country.

2. The GDP is measured by the Bureau of Economic Analysis which is controlled by the United States Department of Congress and is measured quarterly in the United States.

3. The latest GDP for the United States is $14.7 trillion (USD). This is the highest recorded GDP in the world. Although the combined European Union has an overall GDP of $16.1 trillion (USD). The 2rd highest is China with a GDP of $5.7 trillion (USD). The United States GDP has increase by about $500 billion dollars over last year.



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