5. Find data on GDP and its components, and compute the percentage of GDP for the following components for 2018, 2019, 2
Posted: Sun May 29, 2022 7:34 pm
5. Find data on GDP and its components, and
compute the percentage of GDP for the
following
components for 2018,
2019, 2020,
2021, 2022
a. Personal consumption expenditures
b. Gross private domestic investment
c. Government purchases
d. Net exports
e. National defense purchases
f. State and local purchases
g. Imports
Solve all the calculations with proper
steps.
Do you see any stable relationships in the data? Do you see
any trends?
(Hint: A good place to look
for data is the statistical appendices of the Economic
Report of the President, which is written each year
by the Council of Economic Advisers. Alternatively,
you can go to www.bea.gov, which is the Web
site of the Bureau of Economic Analysis.)
compute the percentage of GDP for the
following
components for 2018,
2019, 2020,
2021, 2022
a. Personal consumption expenditures
b. Gross private domestic investment
c. Government purchases
d. Net exports
e. National defense purchases
f. State and local purchases
g. Imports
Solve all the calculations with proper
steps.
Do you see any stable relationships in the data? Do you see
any trends?
(Hint: A good place to look
for data is the statistical appendices of the Economic
Report of the President, which is written each year
by the Council of Economic Advisers. Alternatively,
you can go to www.bea.gov, which is the Web
site of the Bureau of Economic Analysis.)