5. Find data on GDP and its components and compute the percentage of GDP for the following...
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5. Find data on GDP and its components and compute the percentage of GDP for the following components for 1950, 1990, and the most recent year available.
a. Personal consumption expenditures
b. Gross private domestic investment
c. Government purchases
d. Net exports
e. National defense purchases
f. Imports Do you see any stable relationships in the data? Do you see any trends? (Hint: You can find the data at www.bea.gov, the website of the Bureau of Economic Analysis.)
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