4 5 From NIPA Table 1.1.5: Gross Domestic Product 2012 2013 18624.5 12820.7 7 8

Question

4 5 From NIPA Table 1.1.5: Gross Domestic Product 2012 2013 18624.5 12820.7 7 8 Personal consumption expenditures 9 Goods 10 Services 11 Gross private domestic investment 12 Fixed investment Gross domestic product 15517.9 16155.316691.5 17393.1 18120.7 10689.311050.6 11361.211863.4 12332.3 4033.2 7092.87311.57526.77892.9 8299.1 2239.92511.7 2706.32886.5 3093.6 2981.6 2336.2 537.5 3596.5 3739.1 3834.53970.5 8699.3 3057.2 3022.1 2316.3 2198.1 2821 2251 530.7 2449.9 2007.7 448 937.9 621.7 442.2 2613.9 2094.4 463.6 Nonresidential Structures Equipment Intellectual property products 82.81040.7 10 838.2 592.2 1043.9 756.2 705.9 679.6 Residential 570.1 18Change in private inventories 19 Net exports of goods and services 20Exports -580 565.7 -492 2264.9 1497.2 767.7 2789 2244.7 2305.8 2301.52396.5 2290.5 498.5 3218.9 -521.2 2214.6 1446 768.5 2735.8 2224.2 2106.42198.22276.6 2375.3 Goods Services 1526 672.2 2686.42763.8 1466.9 639.5 1562.7 161 757.2 2768.62884.1 Goods Services 458 3158.6 1292.5 487.6 3152.1 1229.5 1218.9 467 26 Government consumption expenditures and g 3168.7 1303.5 836.9 466.5 3267.8 1231.5 728.9 502.6 2036.3 National defense Nondefense 462.5 886.6 1933.2 1994.9 492.4 474.7 1865.3 1866.1 472.9 30 State and local

Explanation / Answer

in 2016, percent of gdp account in consumtion spending = total consumption / GDP *100

= (12820.7 / 18624.5) * 100

=0.6883 * 100

= 68.83%

so, consumption sepnding account 68.83% in GDP of 2016.

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