Bureau of Economic Analysis Table 1.1.6. Real Gross Domestic Product, Chained Dollars [Billions of chained (2012) dollars) Seasonally adjusted at annual rates Last Revised On: Mar 26 2020 8:30AM- Next Release Date: Apr 29 2020 8:30AM Line Gross domestic product 2 Personal consumption expenditures 3 Goods 7 6 9 PARDUERASERN N 23 10 11 12 13 14 15 16 17 18 21 22 26 27 Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Equipment Intellectual property products Residential Change in private inventories Net exports of goods and services Exports Goods Services Imports Goods Services Government consumption expenditures and gross Investment Federal National defense Nondefense State and local Residual 2018 18,638.2 12,944.6 4,583.3 1,685.7 2,909.6 8,388.1 3,360.5 3,293.4 2,692.3 540.9 1,255.3 901.6 602.9 48.1 -920.0 2,532.9 1,782.8 755.4 3,453.0 2,916.1 539.9 3,223.9 1,232.2 737.5 494.2 1,990.0 2.1 2019 19,073.1 13,280.1 4,754.6 1,766.4 3,002.9 8,562.9 3,421.3 3,335.8 2,748.1 517.8 1,271.3 969.2 593.8 67.0 -953.9 2,532.9 1,786.2 752.5 3,486.8 2,923.4 562.4 3,299.0 1,275.5 773.4 502.0 2,022.3 -29.0 2018 Q4 18,783.5 13,066.3 4,631.8 1,705.2 2,938.9 8,462.6 3,429.5 3,323.0 2,735.8 533.4 1,279.2 931.3 593.0 93.0 -983.0 2,528.5 1,782.5 751.7 3,511.6 2,962.0 552.0 3,234.9 1,242.1 750.6 491.3 1,991.4 -6.5 Q1 18,927.3 13,103.3 4,649.2 1,706.3 2,954.6 8,483.1 3,481.1 3,349.4 2,765.6 538.6 1,278.9 955.6 591.4 116.0 -944.0 2,554.4 1,802.6 757.8 3,498.3 2,940.7 558.1 3,258.1 1,248.8 764.5 484.5 2,007.9 -15.8 2019 Q2 19,021.9 13,250.0 4,746.4 1,759.3 3,001.3 8,541.4 3,424.7 3,3374 2,758.5 $23.0 1,281.5 964.2 587.0 69.4 -980.7 2,517-5 1,775.3 748.0 3,498.2 2,941.7 557.2 3,296.6 1,273.9 770.8 502.9 2,021.4 -24.6 Q3 19,121.1 13,353.1 4,808.0 1,793.9 3,030.0 8,587.9 3,416.2 3,330.5 2,742.7 509.6 1,269.3 975.2 593.7 69.4 -990.1 2,523.4 1,784.7 745.5 3,513.6 2,949.6 563.7 3,310.4 1,284,4 775.0 509.1 2,024.9 -33.9 19,222.0 13,413.8 4,814.7 1,806.1 3,025.7 8,639.1 3,363.4 3,325.9 2,725.7 500.1 1,255.6 982.0 603.1 13.1 -900.7 2.536.4 1,782.3 758.6 3,437.1 2,861.5 570.4 3,331.1 1,295.1 783.3 511.5 Using Table 1.1.6 Real Gross Domestic Product, Chained Dollars, for the year 2018/2019 answer the following 2,035.0 -41.7 Legend / Footnotes: Note. Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. If you cannot see the above image, download the image here. Compare 2018 and 2019's consumption as a percentage of RGDP. Has consumption as a percentage of GDP changed from 2018 to 2019? Explain Use complete sentences. Your explanation should include numerical computation(s).
Bureau of Economic Analysis Table 1.1.6. Real Gross Domestic Product, Chained Dollars [Billions of chained (2012) dollars) Seasonally adjusted at annual rates Last Revised On: Mar 26 2020 8:30AM- Next Release Date: Apr 29 2020 8:30AM Line Gross domestic product 2 Personal consumption expenditures 3 Goods 7 6 9 PARDUERASERN N 23 10 11 12 13 14 15 16 17 18 21 22 26 27 Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Equipment Intellectual property products Residential Change in private inventories Net exports of goods and services Exports Goods Services Imports Goods Services Government consumption expenditures and gross Investment Federal National defense Nondefense State and local Residual 2018 18,638.2 12,944.6 4,583.3 1,685.7 2,909.6 8,388.1 3,360.5 3,293.4 2,692.3 540.9 1,255.3 901.6 602.9 48.1 -920.0 2,532.9 1,782.8 755.4 3,453.0 2,916.1 539.9 3,223.9 1,232.2 737.5 494.2 1,990.0 2.1 2019 19,073.1 13,280.1 4,754.6 1,766.4 3,002.9 8,562.9 3,421.3 3,335.8 2,748.1 517.8 1,271.3 969.2 593.8 67.0 -953.9 2,532.9 1,786.2 752.5 3,486.8 2,923.4 562.4 3,299.0 1,275.5 773.4 502.0 2,022.3 -29.0 2018 Q4 18,783.5 13,066.3 4,631.8 1,705.2 2,938.9 8,462.6 3,429.5 3,323.0 2,735.8 533.4 1,279.2 931.3 593.0 93.0 -983.0 2,528.5 1,782.5 751.7 3,511.6 2,962.0 552.0 3,234.9 1,242.1 750.6 491.3 1,991.4 -6.5 Q1 18,927.3 13,103.3 4,649.2 1,706.3 2,954.6 8,483.1 3,481.1 3,349.4 2,765.6 538.6 1,278.9 955.6 591.4 116.0 -944.0 2,554.4 1,802.6 757.8 3,498.3 2,940.7 558.1 3,258.1 1,248.8 764.5 484.5 2,007.9 -15.8 2019 Q2 19,021.9 13,250.0 4,746.4 1,759.3 3,001.3 8,541.4 3,424.7 3,3374 2,758.5 $23.0 1,281.5 964.2 587.0 69.4 -980.7 2,517-5 1,775.3 748.0 3,498.2 2,941.7 557.2 3,296.6 1,273.9 770.8 502.9 2,021.4 -24.6 Q3 19,121.1 13,353.1 4,808.0 1,793.9 3,030.0 8,587.9 3,416.2 3,330.5 2,742.7 509.6 1,269.3 975.2 593.7 69.4 -990.1 2,523.4 1,784.7 745.5 3,513.6 2,949.6 563.7 3,310.4 1,284,4 775.0 509.1 2,024.9 -33.9 19,222.0 13,413.8 4,814.7 1,806.1 3,025.7 8,639.1 3,363.4 3,325.9 2,725.7 500.1 1,255.6 982.0 603.1 13.1 -900.7 2.536.4 1,782.3 758.6 3,437.1 2,861.5 570.4 3,331.1 1,295.1 783.3 511.5 Using Table 1.1.6 Real Gross Domestic Product, Chained Dollars, for the year 2018/2019 answer the following 2,035.0 -41.7 Legend / Footnotes: Note. Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. If you cannot see the above image, download the image here. Compare 2018 and 2019's consumption as a percentage of RGDP. Has consumption as a percentage of GDP changed from 2018 to 2019? Explain Use complete sentences. Your explanation should include numerical computation(s).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Bureau of Economic Analysis
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of chained (2012) dollars] Seasonally adjusted at annual rates
Last Revised On: Mar 26 2020 8:30AM-Next Release Date: Apr 29 2020 8:30AM
Line
123
4
S
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Gross domestic product
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
Residual
2018
18,638.2
12,944.6
4,583.3
1,685.7
2,909.6
8,388.1
3,360.5
3,293.4
2,692.3
540.9
1,255.3
901.6
602.9
48.1
-920.0
2,532.9
1,782.8
755.4
3,453.0
2,916.1
539.9
3,223.9
1,232.2
737.5
494.2
1,990.0
2.1
2019
19,073.1
13,280.1
4,754.6
1,766.4
3,002.9
8,562.9
3,421.3
3,335.8
2,748.1
517.8
1,271.3
969.2
593.B
67.0
-953.9
2,532.9
1,786.2
752.5
3,486.8
2,923.4
562.4
3,299.0
1,275.5
773.4
502.0
2,022.3
-29.0
2018
Q4
18,783.5
13,066.3
4,631.8
1,705.2
2,938.9
8,462.6
3,429.5
3,323.0
2,735.8
533.4
1,279.2
931.3
593.0
93.0
-983.0
2,528.5
1,782.5
751.7
3,511.6
2,962.0
552.0
3,234.9
1,242.1
750.6
491.3
1,991.4
-6.5
Q1
18,927.3
13,103.3
4,649.2
1,706.3
2,954.6
8,483.1
3,481.1
3,349.4
2,765.6
538.6
1,278.9
955.6
591.4
116.0
-944.0
2,554.4
1,802.6
757.8
3,498.3
2,940.7
558.1
3,258.1
1,248.8
764.5
484.5
2,007.9
-15.8
2019
QZ
19,021.9
13,250.0
4,746.4
1,759.3
3,001.3
8,541.4
3,424.7
3,337.4
2,758.5
523.0
1,281.5
964.2
587.0
69.4
-980.7
2,517.5
1,775.3
748.0
3,498.2
2,941.7
557.2
3,296.6
1,273.9
770.8
502.9
2,021.4
-24.6
Q3
19,121.1
13,353.1
4,808.0
1,793.9
3,030.0
8,587.9
3,416.2
3,330.5
2,742.7
509.6
1,269.3
975.2
593.7
69.4
-990.1
2,523.4
1,784.7
745.5
3,513.6
2,949.6
563.7
3,310.4
1,284.4
775.0
509.1
2,024.9
-33.9
Q4
19,222.0
13,413.8
4,814.7
1,806.1
3,025.7
8,639.1
3,363.4
3,325.9
2,725.7
500.1
1,255.6
982.0
603.1
13.1
-900.7
2,536.4
1,782.3
758.6
3,437.1
2,861.5
570.4
3,331.1
1,295.1
783.3
511.5
2,035.0
-41.7
Legend / Footnotes:
Note. Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by
100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
If you cannot see the above image, download the image here.
Using Table 1.1.6 Real Gross Domestic Product, Chained
Dollars, for the year 2018/2019 answer the following
Compare 2018 and 2019's consumption as a percentage of
RGDP. Has consumption as a percentage of GDP changed
from 2018 to 2019? Explain
Use complete sentences.
Your explanation should include numerical computation(s).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf6152bd-330e-4095-b5cf-ff40ee2a7def%2Fb4502a64-2329-4cbc-8a2a-1de97c8e221d%2Fkg7g9zr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bureau of Economic Analysis
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of chained (2012) dollars] Seasonally adjusted at annual rates
Last Revised On: Mar 26 2020 8:30AM-Next Release Date: Apr 29 2020 8:30AM
Line
123
4
S
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Gross domestic product
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
Residual
2018
18,638.2
12,944.6
4,583.3
1,685.7
2,909.6
8,388.1
3,360.5
3,293.4
2,692.3
540.9
1,255.3
901.6
602.9
48.1
-920.0
2,532.9
1,782.8
755.4
3,453.0
2,916.1
539.9
3,223.9
1,232.2
737.5
494.2
1,990.0
2.1
2019
19,073.1
13,280.1
4,754.6
1,766.4
3,002.9
8,562.9
3,421.3
3,335.8
2,748.1
517.8
1,271.3
969.2
593.B
67.0
-953.9
2,532.9
1,786.2
752.5
3,486.8
2,923.4
562.4
3,299.0
1,275.5
773.4
502.0
2,022.3
-29.0
2018
Q4
18,783.5
13,066.3
4,631.8
1,705.2
2,938.9
8,462.6
3,429.5
3,323.0
2,735.8
533.4
1,279.2
931.3
593.0
93.0
-983.0
2,528.5
1,782.5
751.7
3,511.6
2,962.0
552.0
3,234.9
1,242.1
750.6
491.3
1,991.4
-6.5
Q1
18,927.3
13,103.3
4,649.2
1,706.3
2,954.6
8,483.1
3,481.1
3,349.4
2,765.6
538.6
1,278.9
955.6
591.4
116.0
-944.0
2,554.4
1,802.6
757.8
3,498.3
2,940.7
558.1
3,258.1
1,248.8
764.5
484.5
2,007.9
-15.8
2019
QZ
19,021.9
13,250.0
4,746.4
1,759.3
3,001.3
8,541.4
3,424.7
3,337.4
2,758.5
523.0
1,281.5
964.2
587.0
69.4
-980.7
2,517.5
1,775.3
748.0
3,498.2
2,941.7
557.2
3,296.6
1,273.9
770.8
502.9
2,021.4
-24.6
Q3
19,121.1
13,353.1
4,808.0
1,793.9
3,030.0
8,587.9
3,416.2
3,330.5
2,742.7
509.6
1,269.3
975.2
593.7
69.4
-990.1
2,523.4
1,784.7
745.5
3,513.6
2,949.6
563.7
3,310.4
1,284.4
775.0
509.1
2,024.9
-33.9
Q4
19,222.0
13,413.8
4,814.7
1,806.1
3,025.7
8,639.1
3,363.4
3,325.9
2,725.7
500.1
1,255.6
982.0
603.1
13.1
-900.7
2,536.4
1,782.3
758.6
3,437.1
2,861.5
570.4
3,331.1
1,295.1
783.3
511.5
2,035.0
-41.7
Legend / Footnotes:
Note. Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by
100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
If you cannot see the above image, download the image here.
Using Table 1.1.6 Real Gross Domestic Product, Chained
Dollars, for the year 2018/2019 answer the following
Compare 2018 and 2019's consumption as a percentage of
RGDP. Has consumption as a percentage of GDP changed
from 2018 to 2019? Explain
Use complete sentences.
Your explanation should include numerical computation(s).
![Bureau of Economic Analysis
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of chained (2012) dollars] Seasonally adjusted at annual rates
Last Revised On: Feb 27 2020 8:30AM - Next Release Date: Mar 26 2020 8:30AM
Line
ALSAFATHENARAN NE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Gross domestic product
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
25
26
27 Residual
2018
18,638.2
12,944.6
4,583.3
1,685.7
2,909.6
8,388.1
3,360.5
3,293.4
2,692.3
540.9
1,255.3
901.6
602.9
48.1
-920.0
2,532.9
1,782.8
755.4
3,453.0
2,916.1
539.9
3,223.9
1,232.2
737.5
494.2
1,990.0
2.1
2019
19,072.7
13,279.2
4,754.9
1,766.2
3,003.4
8,561.8
3,421.4
3,335.8
2,748.3
517.5
1,271.2
969.9
593.7
67.0
-953.6
2,532.9
1,786.3
752.4
3,486.5
2,923.2
562.3
3,299.2
1,275.9
773.8
501.9
2,022.2
-29.2
2018
Q4
18,783.5
13,066.3
4,631.8
1,705.2
2,938.9
8,462.6
3,429.5
3,323.0
2,735.8
533.4
1,279.2
931.3
593.0
93.0
-983.0
2,528.5
1,782.5
751.7
3,511.6
2,962.0
552.0
3,234.9
1,242.1
750.6
491.3
1,991.4
-6.5
Q1
18,927.3
13,103.3
4,649.2
1,706.3
2,954.6
8,483.1
3,481.1
3,349.4
2,765.6
538.6
1,278.9
955.6
591.4
116.0
-944.0
2,554.4
1,802.6
757.8
3,498.3
2,940.7
558.1
3,258.1
1,248.8
764.5
484.5
2,007.9
-15.8
2019
Q2
19,021.9
13,250.0
4,746.4
1,759.3
3,001.3
8,541.4
3,424.7
3,337.4
2,758.5
523.0
1,281.5
964.2
587.0
69.4
-980.7
2,517.5
1,775.3
748.0
3,498.2
2,941.7
557.2
3,296.6
1,273.9
770.8
502.9
2,021.4
-24.6
૨૩
19,121.1
13,353.1
4,808.0
1,793.9
3,030.0
8,587.9
3,416.2
3,330.5
2,742.7
509.6
1,269.3
975.2
593.7
69.4
-990.1
2,523.4
1,784.7
745.5
3,513.6
2,949.6
563.7
3,310.4
1,284.4
775.0
509.1
2,024.9
-33.9
Q4
19,220.5
13,410.4
4,816.1
1,805.3
3,027.8
8,634.8
3,363.6
3,326.0
2,726.5
498.9
1,255.0
984.8
602.6
13.0
-899.6
2,536.3
1,782.4
758.4
3,435.9
2,860.8
570.1
3,331.9
1,296.4
785.1
511.2
2,034.5
-42.4
Legend / Footnotes:
Note. Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by
100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference betw](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf6152bd-330e-4095-b5cf-ff40ee2a7def%2Fb4502a64-2329-4cbc-8a2a-1de97c8e221d%2F2hwxrte_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bureau of Economic Analysis
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of chained (2012) dollars] Seasonally adjusted at annual rates
Last Revised On: Feb 27 2020 8:30AM - Next Release Date: Mar 26 2020 8:30AM
Line
ALSAFATHENARAN NE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Gross domestic product
Personal consumption expenditures
Goods
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
25
26
27 Residual
2018
18,638.2
12,944.6
4,583.3
1,685.7
2,909.6
8,388.1
3,360.5
3,293.4
2,692.3
540.9
1,255.3
901.6
602.9
48.1
-920.0
2,532.9
1,782.8
755.4
3,453.0
2,916.1
539.9
3,223.9
1,232.2
737.5
494.2
1,990.0
2.1
2019
19,072.7
13,279.2
4,754.9
1,766.2
3,003.4
8,561.8
3,421.4
3,335.8
2,748.3
517.5
1,271.2
969.9
593.7
67.0
-953.6
2,532.9
1,786.3
752.4
3,486.5
2,923.2
562.3
3,299.2
1,275.9
773.8
501.9
2,022.2
-29.2
2018
Q4
18,783.5
13,066.3
4,631.8
1,705.2
2,938.9
8,462.6
3,429.5
3,323.0
2,735.8
533.4
1,279.2
931.3
593.0
93.0
-983.0
2,528.5
1,782.5
751.7
3,511.6
2,962.0
552.0
3,234.9
1,242.1
750.6
491.3
1,991.4
-6.5
Q1
18,927.3
13,103.3
4,649.2
1,706.3
2,954.6
8,483.1
3,481.1
3,349.4
2,765.6
538.6
1,278.9
955.6
591.4
116.0
-944.0
2,554.4
1,802.6
757.8
3,498.3
2,940.7
558.1
3,258.1
1,248.8
764.5
484.5
2,007.9
-15.8
2019
Q2
19,021.9
13,250.0
4,746.4
1,759.3
3,001.3
8,541.4
3,424.7
3,337.4
2,758.5
523.0
1,281.5
964.2
587.0
69.4
-980.7
2,517.5
1,775.3
748.0
3,498.2
2,941.7
557.2
3,296.6
1,273.9
770.8
502.9
2,021.4
-24.6
૨૩
19,121.1
13,353.1
4,808.0
1,793.9
3,030.0
8,587.9
3,416.2
3,330.5
2,742.7
509.6
1,269.3
975.2
593.7
69.4
-990.1
2,523.4
1,784.7
745.5
3,513.6
2,949.6
563.7
3,310.4
1,284.4
775.0
509.1
2,024.9
-33.9
Q4
19,220.5
13,410.4
4,816.1
1,805.3
3,027.8
8,634.8
3,363.6
3,326.0
2,726.5
498.9
1,255.0
984.8
602.6
13.0
-899.6
2,536.3
1,782.4
758.4
3,435.9
2,860.8
570.1
3,331.9
1,296.4
785.1
511.2
2,034.5
-42.4
Legend / Footnotes:
Note. Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by
100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference betw
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