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Participate in a discussion regarding Gross Domestic Product (GDP). After review

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Participate in a discussion regarding Gross Domestic Product (GDP). After reviewing the “EYE on Your Life” caption titled, Making GDP Personal, within Section 5.3 in the textbook, access the U.S. Bureau of Economic Analysis (BEA) Website, at http://www.bea.gov/, to view the GDP and personal income rates within your place of residence. At the BEA website, select the “Regional” Tab, which redirects you to the “Regional Economic Accounts” page. At the top of this page, within the News Releases Section, select and review the following categories: ? Gross Domestic Product (GDP) by State https://www.bea.gov/data/gdp/gdp-state ? Gross Domestic Product by Metropolitan Area https://www.bea.gov/data/gdp/gdp-county-metro-and-other-areas ? State Personal Income https://www.bea.gov/data/income-saving/personal-income-by-state ? Local Area Personal Income https://www.bea.gov/data/income-saving/personal-income-county-metro-and-other-areas Discuss and contrast how your State and Metropolitan/Local Area GDP rates and personal income compared to the Rest of the U.S. by briefly summarizing the information within these categories. Such as, identifying the contributors to real GDP, personal income increases, or industry earnings within your State and Metropolitan/Local Area.

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