Real Per-Capita Disposable Personal Income

Exercises

Questions and Exercises

1. Go to the Economic Statistics Briefing Room Internet site for the U.S. government and access the latest report on real per-capita disposable personal income from the Bureau of Economic Analysis. What is the dollar amount of real per-capita disposable personal income in the U.S., and what has been the trend over the last year?

2. Go to the Oregon State University Government Information Sharing Project Internet site and click on the state where you live. Next you should be able to click on the county where you live. Once you have accessed the page for the county where you live, request data on "Total Personal Income by Type of Income and Earnings by Industry, and for most recent years given for REIS data. Write down the per-capita personal income figure for your county. Now access the same data for Fairfield county, Connecticut, one of the richest counties in the U.S. Compare per-capita personal income in Fairfield county to that of your home county. What factors do you think explain the difference?

3. Using the same Internet site as in question 2 above, plot the trend in per-capita personal income in the county where you live using the historical REIS data made available on the site. Based on what you know about the economics of the county where you live, what factors do you think explain the trend in per-capita personal income?

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