GDP is the most often cited measure of how our economy is doing. The U.S. Bureau of Economic Analysis reported that U.S. Real GDP grew at an annual rate of 6.5% in the first quarter of 2021. 1) Where did the growth come from? 2) Using GDP as your reference, how is the economy doing and how will it do for the balance of the year and into 2022?

PLEASE USE UP TO DATE INFORMATION FROM RECENT YEARS NOTHING OLDER THAN 2018
GDP is the most often cited measure of how our economy is doing. The U.S. Bureau of Economic Analysis reported that U.S. Real GDP grew at an annual rate of 6.5% in the first quarter of 2021. 1) Where did the growth come from? 2) Using GDP as your reference, how is the economy doing and how will it do for the balance of the year and into 2022?
Focus only on GDP (it would help to differentiate “Nominal GDP” and “Real GDP”). It will help a lot to read chapter 10 and watch the Kahn Academy GDP video(S) I’ve added to this week’s folder. Stick to GDP; don’t, for example, use unemployment to support your view on the economy — we’ll get to that important economic measure soon!
A well thought out and concise submission might handle this topic in as few as 450 words, non including re-writing the assignment! Feel free to write more.
Use only your own words and keep quotations to an absolute minimum. Use the “Write Submission” option. You can write something there or cut and paste something you’ve written using MS Word or other editor. Do Not use the “Comments” option.

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