Most recent GDP data from beagov below Compare percentages t

recent quarter. 2. Using the most recent quarterly GDP data from bea.gov, find Nominal GDP (Y), Consumption (C), Gross Investment (), Government spending (G), and Net Exports (NX). a. Find CIY, IVY, G/Y and NXY. Compare these percentages to those in Table 1.1. Which ones have risen? Which ones have declined? Which ones are about the same?

Solution

For the 3rd quarter of 2017,

Nominal Gross Domestic Product (Y) = 19,501

Consumption (C) = 13,429

Gross Investment (I) = 3,249

Government Spending (G) = 3,356

Net Exports (NX) = -534

C/Y = 68.86 % There has been a slight decline.

I/Y = 16.66 % There has been an increase.

G/Y = 17.2% There has been a decline.

NX/Y = -.2.74% There has been a decline in the magnitude.

The current dollar values have been taken into consideration while calculating all the variables.