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Compute of GDP and its components with the given data.

 

Line   2008-I 2008-II 2008-III 2008-IV
1 Gross domestic product 14373.9 14497.8 14546.7 14347.3
2 Personal consumption expenditures 10095.1 10194.7 10220.1 10009.8
3 Goods 3447.2 3474.9 3463 3227.5
4 Durable goods 1145.8 1126.5 1088.5 1019.9
5 Nondurable goods 2301.4 2348.4 2374.5 2207.6
6 Services 6647.9 6719.8 6757.1 6782.3
7 Gross private domestic investment 2214.8 2164.6 2142.7 2022.1
8 Fixed investment 2223 2214 2179.7 2066.6
9 Nonresidential 1705 1719.7 1711 1638.7
10 Structures 586.3 610.6 620.4 620.7
11 Equipment and software 1118.7 1109.2 1090.6 1018
12 Residential 518.1 494.2 468.6 427.8
13 Change in private inventories -8.2 -49.3 -37 -44.5
14 Net exports of goods and services -744.4 -738.7 -757.5 -590.5
15 Exports 1803.6 1901.5 1913.1 1706.2
16 Goods 1247.3 1326.2 1338.5 1155.7
17 Services 556.3 575.3 574.6 550.5
18 Imports 2548.1 2640.2 2670.5 2296.7
19 Goods 2143.1 2226.8 2243.3 1892.5
20 Services 404.9 413.4 427.2 404.2
21 Government consumption expenditures and gross investment 2808.4 2877.1 2941.4 2905.9
22 Federal 1038.3 1069.5 1108.3 1114.3
23 National defense 703.6 725.6 763.6 758.9
24 Nondefense 334.8 343.9 344.7 355.3
25 State and local 1770.1 1807.6 1833.1 1791.7
 

a.What is GDP in the 4th quarter of 2008? The 1st quarter?

b.What is C, I, G, and (X - M) each in the 4th quarter of 2008? Compare each to the figures for the 1st quarter.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M922007

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