1) Using the attached GDP Table from the Bureau of Economic Analysis (located at the

end of this document), select the answer that most closely matches the percentage of

total private domestic investment generated by real estate as of 3rdQ2017:

a) 6.1% c) 7.2%

b) 6.7% d) 7.7%

2017 2017 2017 2017 2018 Line Q1 Q2 Q3 Q4 Q1 Gross domestic product 19,057.7 19,250.0 19,500.6 19,754.1 19,965.3 2 Personal consumption expenditures 13,191.6 13,307.0 13,429.1 13,654.3 13,782.3 Goods 4,230.8 4,247.2 4,301.4 4,401.8 4,411.4 4 Durable goods 1,443.2 1,456.6 1,477.6 1,517.8 1,499.2 5 Nondurable goods 2,787.6 2,790.6 2,823.8 2,884.0 2,912.3 Services 8,960.7 9,059.8 9,127.7 9,252.5 9,370.8 7 Gross private domestic investment 3,128.7 3,178.1 3,249.2 3,295.3 3,377.2 8 Fixed investment 3,128.9 3,173.3 3,207.3 3,279.2 3,340.5 9 Nonresidential 2,383.4 2,433.6 2,468.4 2,513.0 2,558.4 10 Structures 548.4 563.0 559.0 570.3 592.0 11 Equipment 1,057.6 1,082.3 1,1 11.0 1,142.5 1,156.5 12 Intellectual property products 777.4 788.2 798.4 800.2 809.9 13 Residential 745.5 739.7 738.9 766.2 782.1 14 Change in private inventories -0.1 4.9 41.9 16.0 36.7 15 Net exports of goods and services -582.8 -567.2 -534.1 -602.0 -637.6 16 Exports 2,295.6 2,314.9 2,345.9 2,419.6 2,471.8 17 Goods 1,515.0 1,520.9 1,544.1 1,607.4 1,647.9 18 Services 780.6 794.0 801.8 812.2 823.9 19 Imports 2,878.4 2,882.1 2,880.1 3,021.6 3,109.4 20 Goods 2,353.0 2,350.3 2,345.2 2,478.6 2,555.1 21 Services 525.5 531.9 534.8 543.0 554.3 22 Government consumption expenditures and gross investment 3,320.2 3,332.1 3,356.5 5 3,406.6 3,443.5 23 Federal 1,244.3 1,255.8 1,263.5 1,278.9 1,297.1 24 National defense 730.2 741.4 746.7 759.4 769.3 25 Nondefense 514.1 514.5 516.9 519.5 527.8 26 State and local 2,075.9 2,076.2 2,092.9 2,127.7 2,146.4