Evaluate the current (2021 Q2) GDP and economic growth in the US.
Your starting point should be Table 1.1.1. Economic Growth Table (Percent change from previous period)
How did the US economy grow (or contract) since last quarter? What contributed to this change? You need to go over all the components (C, I, G, X, M) and sub-components of GDP to evaluate the overall economy in the second quarter of 2021. You need to research and explain why certain items significantly subtracted from GDP and what items added to GDP.
Research the most current news articles for US GDP growth (The last revision of GDP was on August 26, 2021. The new release is on September 30, 2021). Cite your references. Compare your findings from one of the articles with the GDP data from the Bureau of Economic Analysis. What other information you learned from the BEA tables would you add to the article?
What is the current state of the US economy? Are we in a recession? (A recession is defined as a decline in Real GDP for at least two consecutive quarters).