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Article Summary Gains in Consumer Spending and Construction Gave GDP a Bigger

question 17

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Article Summary
Gains in consumer spending and construction gave GDP a bigger boost than was forecast in the second quarter of 2015,growing at an annualized rate of 3.9 percent.Declining energy prices,rising home prices,and increased employment are being credited for much of the gain in consumer spending,which grew at an annualized rate of 3.6 percent.Increases in commercial and residential construction boosted business investment spending,which grew at an annual rate of 5.2 percent.Government spending also grew at an annual rate of 2.6 percent for the quarter.Economists cited the primary obstacle for continuing this growth pace in the third quarter is the need to reduce excess inventories.
-Refer to the Article Summary.The increase in GDP discussed in the article summary was due in part to increases in commercial and residential construction.Increases in commercial and residential construction will cause a(n) ________ the aggregate expenditure curve.

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Definitions:

Activity

Physical or mental engagements performed by individuals, ranging from daily tasks to specialized exercises or hobbies.

Toe Test

A method to assess flexibility or balance by reaching towards or touching the toes without bending the knees.

Exercise Shoes

Specially designed footwear that provides support, stability, and cushioning to reduce the risk of injuries during physical activities.

Physical Activity

Any bodily movement produced by skeletal muscles that require energy expenditure, including activities undertaken while working, playing, carrying out household chores, travelling, and engaging in recreational pursuits.

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