(Note: Rounding your answer to the nearest tenth if you have decimal points) When you click the Bureau of Economic Analysis (BEA) from the US Dept of Commerce, you can find numerous up-to-date economic data. Click the Gross Domestic Product (DGP) to get the national income data. As you will find in the textbook, macroeconomics focuses on four components: households, firms, the government including federal and local governments, and the rest of the world (the international sector). Using the 2018 Q3 (third quarter) gross domestic product table from the BEA site, what is the composition (in percentage format) of these four groups for: personal consumption? gross domestic investment? net export? government consumption? services among personal consumption? export? imports? federal government expenditure? state and local government? % %

(Note: Rounding your answer to the nearest tenth if you have decimal points) When you click the Bureau of Economic Analysis (BEA) from the US Dept of Commerce, you can find numerous up-to-date economic data. Click the Gross Domestic Product (DGP) to get the national income data. As you will find in the textbook, macroeconomics focuses on four components: households, firms, the government including federal and local governments, and the rest of the world (the international sector). Using the 2018 Q3 (third quarter) gross domestic product table from the BEA site, what is the composition (in percentage format) of these four groups for: personal consumption? gross domestic investment? net export? government consumption? services among personal consumption? export? imports? federal government expenditure? state and local government? % %

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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