An economics question?

Question

Please tell me you have nothing better to do than to help me with my homework. I'm beside myself at this point.

I'm supposed to find the comprehensive real GDP (including Q1-Q4 2007) and it's change from a year earlier.

I've been rummaging around the BEA website for hours. I found that the 4th quarter final real GDP was 0.6% and it's computed at an annual rate, but I don't know if I need to calculate together the final GDP %s for each quarter, or if that number is all I need, or if I need to calculate something using the final real GDP from 2006 too.

Please help.

Answer 1

I have nothing else better to do then help with your homework :o)

The .6% is all you need. That is the real GDP for 2007. You can not sum the total of all the quarters that would be incorrect and HIGHLY overstated.

You still need to get the real GDP for 2006 then you can determine the year over year change in growth.