Question

In: Economics

a) Identify and list the “real” values of the 4 spending components of GDP for year...

a) Identify and list the “real” values of the 4 spending components of GDP for year 2019 from Table 3 (Gross Domestic Product: Level and Change) based on the information provided in the following link: https://www.bea.gov/sites/default/files/2020-09/gdp2q20_3rd_0.pdf

b) Calculate the share/portion (%) of C, I, G and X in GDP. Please show your calculations.

Solutions

Expert Solution

(a) The real values of the 4 spending components of GDP for the year 2019 from Table 3 is identified as follows.

The highlighted column has been considered

(b) The share of the components are calculated below. The calculated shared is shown in first table, whereas the second table shows the formula view of the calculations.

Rahul Sunny answered 2 years ago
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