BU204_10 _Finley_Joey_ Unit 6

BU204_10 _Finley_Joey_ Unit 6 - Running head: ANALYZE THE...

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Running head: ANALYZE THE COMPONENTS AND SUB COMPONENTS OF GROSS 1 Analyze the Components and Sub Components of Gross Domestic Product (GDP) Joey D. Finley Kaplan University Macroeconomics BU204 Fazlul Miah April 07, 2011
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Analyze the Components and Sub Components of Gross Domestic Product (GDP) From our readings you’ll remember that the Gross Domestic Product (GDP) is made up of four elements: (C) Personal consumption + (I) gross private domestic investment + (X-IM) net exports [which is exports (X) minus imports (IM)] + (G) Government expenditures and gross investment. The Bureau of Economic Analysis (BEA) collects and reports these statistics for the United States. The BEA, on their web site, breaks down these four elements of GDP into several sub- components: Personal consumption (C) Goods Durable Goods Nondurable Goods Services Gross private domestic investment (I) Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories Net exports of goods and services (X-IM) Exports (X) Goods Services Imports (IM) Goods Services Government consumptions expenditures and gross investment (G) Federal National defense Nondefense State and local
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1. Download the Gross Domestic Product table from the Bureau of Economic Analysis’ (BEA) site and paste it into your answer. (5 points) The link is: http://www.bea.gov/national/nipaweb/TableView.asp? Line   2009-I 2009-II 2009-III 2009-IV 2010-I 2010-II 2010-III 2010-IV 1 Gross       domestic       product U.S.     14,049.7 14,034.5 14,114.7 14,277.3 14,446.4 14,578.7 14,745.1 14,871.4 2 Personal consumption expenditures 9,913.0 9,920.1 10,040.7 10,131.5 10,230.8 10,285.4 10,366.3 10,513.6 3    Goods 3,158.4 3,175.4 3,276.1 3,312.9 3,380.0 3,377.5 3,419.6 3,525.6 4       Durable goods 1,012.2 1,004.7 1,045.2 1,043.9 1,060.7 1,074.1 1,087.8 1,134.8 5       Nondurable goods 2,146.2 2,170.7 2,231.0 2,269.0 2,319.3 2,303.4 2,331.8 2,390.8 6    Services 6,754.6 6,744.7 6,764.6 6,818.6 6,850.9 6,907.9 6,946.7 6,988.1 7 Gross private domestic investment 1,640.4 1,530.2 1,548.5 1,637.7 1,739.7 1,841.8 1,907.2 1,821.3 8    Fixed investment 1,782.3 1,709.8 1,691.8 1,681.9 1,689.8 1,761.4 1,768.6 1,803.5 9       Nonresidential 1,415.2 1,367.5 1,343.8 1,330.9 1,349.6 1,404.2 1,438.8 1,468.8 10          Structures 507.5 464.0 436.6 398.2 380.1 381.5 380.9 391.7 11          Equipment and software 907.8 903.5 907.2 932.7 969.5 1,022.7 1,057.9 1,077.1 12       Residential 367.0 342.2 348.0 351.0 340.2 357.2 329.8 334.7 13    Change in private inventories -141.9 -179.5 -143.3 -44.2 50.0 80.4 138.6 17.8 14 Net exports of goods and services -375.7 -335.2 -408.3 -426.4 -479.9 -539.3 -550.5 -495.9 15    Exports 1,521.2 1,520.2 1,582.1 1,689.9 1,757.8 1,817.9 1,848.9 1,925.6 16       Goods 1,014.5 1,011.7 1,068.6 1,157.6 1,213.0 1,262.8 1,282.0 1,352.0 17       Services
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This note was uploaded on 05/31/2011 for the course BUS 204 taught by Professor Enricodigiammarinojr during the Spring '10 term at Kaplan University.

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BU204_10 _Finley_Joey_ Unit 6 - Running head: ANALYZE THE...

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