Gross Domestic Product: Subcomponents and Their Importance
Assignment
AB 204 Section 2
August 11, 2012
1. Download the Gross Domestic Product table from the Bureau of Economic Analysis’ site and paste it into your answer. (5 points)
Table 1.1.5. Gross Domestic Product
[Billions of dollars] Seasonally adjusted at annual rates
Last Revised on: July 27, 2012 - Next Release Date August 29, 2012
Line||2010||||2011||||2012||
||I|II|III|IV|I|II|III|IV|I|II|
1|Gross domestic product|14,270.3|14,413.5|14,576.0|14,735.9|14,814.9|15,003.6|15,163.2|15,321.0|15,478.3|15,595.9|
2|Personal consumption expenditures|10,069.1|10,148.3|10,243.6|10,401.9|10,566.3|10,684.9|10,791.2|10,873.8|11,007.2|11,067.5|
3|Goods|3,318.2|3,321.7|3,361.0|3,458.6|3,561.4|3,604.3|3,643.6|3,690.0|3,755.9|3,745.0|
4|Durable goods|1,049.1|1,070.2|1,082.6|1,115.7|1,133.9|1,131.8|1,144.8|1,175.1|1,204.6|1,198.1|
5|Nondurable goods|2,269.1|2,251.5|2,278.4|2,342.9|2,427.5|2,472.4|2,498.7|2,515.0|2,551.3|2,546.9|
6|Services|6,750.9|6,826.6|6,882.6|6,943.3|7,004.9|7,080.6|7,147.6|7,183.8|7,251.3|7,322.5|
7|Gross private domestic investment|1,660.4|1,724.7|1,793.3|1,770.9|1,755.9|1,819.0|1,853.8|1,991.1|2,032.2|2,077.8|
8|Fixed investment|1,627.2|1,683.0|1,683.8|1,721.9|1,722.3|1,784.2|1,857.8|1,909.0|1,959.7|1,994.5|
9|Nonresidential|1,285.8|1,325.2|1,353.8|1,388.8|1,390.8|1,448.0|1,519.4|1,560.1|1,595.5|1,620.7|
10|Structures|362.7|376.6|377.1|389.0|362.4|397.0|421.8|438.2|454.7|458.9|
11|Equipment and software|923.1|948.6|976.8|999.8|1,028.4|1,051.0|1,097.6|1,122.0|1,140.8|1,161.8|
12|Residential|341.3|357.8|330.0|333.1|331.4|336.2|338.5|348.8|364.2|373.8|
13|Change in private inventories|33.2|41.7|109.5|49.0|33.7|34.8|-4.1|82.1|72.6|83.3|
14|Net exports of goods and services|-490.2|-521.1|-533.1|-502.1|-555.4|-572.5|-549.5|-594.8|-615.8|-597.8|
15|Exports|1,751.9|1,814.3|1,861.2|1,950.4|2,030.5|2,092.8|2,133.3|2,120.3|2,157.9|2,187.0|
AB 204 Section 2
August 11, 2012
1. Download the Gross Domestic Product table from the Bureau of Economic Analysis’ site and paste it into your answer. (5 points)
Table 1.1.5. Gross Domestic Product
[Billions of dollars] Seasonally adjusted at annual rates
Last Revised on: July 27, 2012 - Next Release Date August 29, 2012
Line||2010||||2011||||2012||
||I|II|III|IV|I|II|III|IV|I|II|
1|Gross domestic product|14,270.3|14,413.5|14,576.0|14,735.9|14,814.9|15,003.6|15,163.2|15,321.0|15,478.3|15,595.9|
2|Personal consumption expenditures|10,069.1|10,148.3|10,243.6|10,401.9|10,566.3|10,684.9|10,791.2|10,873.8|11,007.2|11,067.5|
3|Goods|3,318.2|3,321.7|3,361.0|3,458.6|3,561.4|3,604.3|3,643.6|3,690.0|3,755.9|3,745.0|
4|Durable goods|1,049.1|1,070.2|1,082.6|1,115.7|1,133.9|1,131.8|1,144.8|1,175.1|1,204.6|1,198.1|
5|Nondurable goods|2,269.1|2,251.5|2,278.4|2,342.9|2,427.5|2,472.4|2,498.7|2,515.0|2,551.3|2,546.9|
6|Services|6,750.9|6,826.6|6,882.6|6,943.3|7,004.9|7,080.6|7,147.6|7,183.8|7,251.3|7,322.5|
7|Gross private domestic investment|1,660.4|1,724.7|1,793.3|1,770.9|1,755.9|1,819.0|1,853.8|1,991.1|2,032.2|2,077.8|
8|Fixed investment|1,627.2|1,683.0|1,683.8|1,721.9|1,722.3|1,784.2|1,857.8|1,909.0|1,959.7|1,994.5|
9|Nonresidential|1,285.8|1,325.2|1,353.8|1,388.8|1,390.8|1,448.0|1,519.4|1,560.1|1,595.5|1,620.7|
10|Structures|362.7|376.6|377.1|389.0|362.4|397.0|421.8|438.2|454.7|458.9|
11|Equipment and software|923.1|948.6|976.8|999.8|1,028.4|1,051.0|1,097.6|1,122.0|1,140.8|1,161.8|
12|Residential|341.3|357.8|330.0|333.1|331.4|336.2|338.5|348.8|364.2|373.8|
13|Change in private inventories|33.2|41.7|109.5|49.0|33.7|34.8|-4.1|82.1|72.6|83.3|
14|Net exports of goods and services|-490.2|-521.1|-533.1|-502.1|-555.4|-572.5|-549.5|-594.8|-615.8|-597.8|
15|Exports|1,751.9|1,814.3|1,861.2|1,950.4|2,030.5|2,092.8|2,133.3|2,120.3|2,157.9|2,187.0|