| |2013 |2014 |Increment |Rate |
|GDP |15916.2 |16293.7 |377.5 |2.4% |
|Personal consumption expenditure |10811.4 |11113.6 |302.2 |2.8% |
|Government consumption expenditures and gross investment |2874.5 |2899 |24.5 |0.9% |
|Gross private domestic investment |2634.7 |2785.4 |150.7 |5.7% |
|Net exports of goods and services |-384 |-467.4 |-83.4 |21.7% |

PART A According to the form, the GDP of 2014 increased by 2.4%. The increment of personal consumption expenditure was a biggest part of GDP growth. The gross private domestic investment grew faster than the others components in GDP. Meanwhile, the government consumption expenditure and gross investment didn’t increase significantly and the growth rate of it was 0.9%. And the net exports of goods and services increased by 21.7%.

PART B 1857 18 months 1957 8 1860 8 1960 10 1865 32 1969 11 1869 18 1973 16 1873 65 1980 6 1882 38 1981 16 1887 13 1990 8 1890 10 2001 8 1893 17 2007 18 1895 18 1899 18 1902 23 1907 13 1910 24 1913 23 1918 7 1920 18 1923 14 1926 13 1929 43 1937 13 1945 8 1948 11 1953 10 Definition:A recession is a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.