ZuoTi.Pro
Question

04: U.S. Bureau of Economic Analysis (BEA) publishes data for GDP with the breakdown of all the components of GDP. Visit thei
a. Based on the table, what are the components that are listed as part of the consumption. You do not need to provide the val


An official website of the United States government bea Data - Tools News - Research - Resources About - Help Line 1 Gross do
bea Data - Tools - News - Research Resources About - Help Line 23 7 784.7 6 Services Gross private domestic investment 8 Fixe
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Answer to the question number (a):

As given in the table of GDP, under the heading of consumption, mainly the consumption of goods and services is included. Moreover; under the category of consumption of goods; two more categories have been added. They are- consumption of durable goods and nondurable goods.

Answer to the question number (b):

Under the category of Investment; fixed investment, non-residential investment, residential investment and private inventory investment has been included. Moreover, under the broad heading of non-residential investment, three more types of investment have been added. They are- investment in structures, investment in equipment and investment for intellectual property products.

Answer to the question number (c):

Among all components of GDP including consumption, government purchase, net exports and investment; the component of personal consumption expenditure changed the most during the first quarter of 2020 compare to the last quarter of 2019.

Answer to the question number (d):

Referring to the data for first quarter of 2020, 67.70% of GDP comes from consumption; 16.85% of GDP comes from investment and 17.88% of GDP comes from government purchases. However, as the figure of net export is negative; therefore it assumes a negative share in Total GDP; that is -2.43%.

Please rate this question with a thumbs up. For any query regarding these answers; please ask me in the comment section. Thank You.

0 0
Add a comment
Know the answer?
Add Answer to:
04: U.S. Bureau of Economic Analysis (BEA) publishes data for GDP with the breakdown of all...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures,...

    3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (CC) $10,417.1 Gross Private Domestic Investment (II) $1,818 Exports (XX) $1,935.3 Imports (MM) $2,435.5...

  • Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows...

    Attempts: Keep the Highest 12 3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2010, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. ♡ Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) Gross Private Domestic Investment (I) Exports (X)...

  • 7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment,...

    7. Measuring GDP The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government purchases of goods and services for the United States in 2009, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP by adding together the final demands of consumers, business firms, the government, and foreigners-a method of calculating GDP known as the expenditure approach....

  • GDP and the Measurement of ALFRED i Progress - Ask FRED 12,000 The accompanying graph depicts...

    GDP and the Measurement of ALFRED i Progress - Ask FRED 12,000 The accompanying graph depicts the components of quarterly Real GDP in the United States measured in billions of dollars: O 10,000 8,000 Real Personal Consumption Expenditures Vintage: 2017-12 21 Q1 2010 9,917.689 6,000 GDP = C + I + G + NX 4,000 Real Government Consumption Q1 2010 3,084.280 Expenditures and Gross Investment Vintage: 2018-01-23: Real Gross Private Domestic 1 2010 2,012.899 Investment Vintage: 2018-01-23: Net Exports of...

  • MUST BE 2017 Data exercise #1 Part 1: Expenditures Approach to Calculating GDP (weight 25% of...

    MUST BE 2017 Data exercise #1 Part 1: Expenditures Approach to Calculating GDP (weight 25% of the assignment grade) Complete the following exercise Visit the Bureau of Economic Analysis website at www.bea.gov. From the drop-down menu under “Data”, click on “by Economics Account”. Then click on “National”, “Gross Domestic Product, and “Full Release and Tables”. Use table 3 (Gross Domestic Product: Level and Change from Preceding Period). The left columns are nominal GDP (and its components) and the right half...

  • The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, as published by the Bureau of Economic Analysis. All figures are in billions of dollars.

    4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach.Data (Billions of dollars) Consumption (C)  11,930.3Investment (I)  2,851.6Exports (X)  2,337.0Imports (M)  2,875.2Net Exports of Goods and Services Government Purchases (G)  3,175.2Gross Domestic Product (GDP) 

  • Part 1: Expenditures Approach to Calculating GDP (weight 25% of the assignment grade) Complete the following...

    Part 1: Expenditures Approach to Calculating GDP (weight 25% of the assignment grade) Complete the following exercise. Visit the Bureau of Economic Analysis website at www.bea.gov. From the drop-down menu under “Data”, click on “by Economics Account”. Then click on “National”, “Gross Domestic Product, and “Full Release and Tables”. Use table 3 (Gross Domestic Product: Level and Change from Preceding Period). The left columns are nominal GDP (and its components) and the right half represents real GDP (chained 2012 dollars)...

  • 3. Consider the following table for Canada's GDP in 2016 Components of GDP in 2016 (billions...

    3. Consider the following table for Canada's GDP in 2016 Components of GDP in 2016 (billions of dollars) Category Personal expenditure on consumer goods and services Durable goods 231.2 273.4 648.9 28.6 Non-durable goods Services Non-profit institutions serving households' final consumption expenditure General government's final consumption expenditure Business gross fixed capital formation 429.8 Residential structures 154.1 Non-residential structures Machinery and equipment 80.2 33.3 2.8 Intellectual property products Non-profit institutions serving households' gross fixed capital formation General government's gross fixed capital...

  • I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods...

    I 1) Gross Domestic Product (GDP) is A) the total wholesale value of all final goods and services produced by factors of production owned by citizens of a nation B) the total market value of all services produced by factors of production located within a nation's borders. C) the total market value of all goods produced within a nation's borders D) the total market value of all final goods and services produced by factors of production located within a nation's...

  • The Data of Macroeconomics — End of Chapter Problem Obtain the percentage of GDP accounted for...

    The Data of Macroeconomics — End of Chapter Problem Obtain the percentage of GDP accounted for by each of the four components of GDP for 1976, 1996, and 2016. Data on the size of the components of GDP in the Canadian economy can be found at the GlobalEconomy.com. Specifically, you will seek data on Personal consumption expenditures ("Household consumption, percent of GDP") Gross private domestic investment ("Capital investment, percent of GDP") Government purchases ("Government spending as percent of GDP") Net...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT