Principles of Finance – homework

Principles of Finance – homework

Complete the following homework scenario:

Using only websites ending in .gov, report the current GDP, the current Federal deficit, the current Federal debt, and the bottom line of the current (last) budget approved by Congress (surplus or shortage). Note that the fiscal year for the federal government is October 1 – September 31.
What inference can you draw from the numbers collected?
Current being, year 2017.

Websites to be used: WWW.BEA.GOV ; WWW.CENSUS.GOV ; WWW.BLS.GOV ; WWW.FEDERALRESERVE.GOV

Solution Preview

Question 1
The gross domestic product of the financial year 2017 according to the bureau economic of analysis expanded to $ 19.39 trillion in 2017.
According to the united states government accountability office the financial year 2017, add up to total federal deficit expanded by $666 billion, consisting of a $500 billion increment in the red held by people in general and $173 billion increments in administrative obligation property.

(249 words)