A report, which contains an analysis of the results you received. In this report consider, but do not be limited to the following:

1. Why was the nominal GDP greater than the real GDP? By how much?

2. GDP is composed of a number of categories. What category makes up the largest portion of GDP? What category makes up the smallest portion of GDP?

3. What is "Gross private domestic investment"? What does gross private domestic investment measure?

4. What is "Net exports of goods and services"? Why it is negative?

5. In the left part of the table 3 (nominal GDP) find the category "National defense". How much was the National defense for the last quarter? Calculate percentage of National defense out of "Government consumption expenditures and gross investment". Calculate percentage of National defense out of GDP.

6. Please analyze and discuss the significance of the data that you received for this Data exercise.

7. Reflect on what you have learned from this exercise.

February 28, 2024 Table 3. Gross Domestic Product: Level and Change from Preceding Period--Table Ends Bilions of dollars Billions of chained (2017) dollars Change from preceding Seasonally adjusted al annual rates Seasonaly adjusted at annual rates period Line Line 2023 2023 2023 2022 2123 2022 2023 3023 04 01 02 Q3" 04 04 02 03 04 104 43 Net exports of goods and services -797.4 -8772 425.7 -806.1 -779.2 -178.7 927.2 405.6 -935.1 -928.2 -930.7 -914.9 123.8 .2.5 15.8 43 44 Exports 3,029.6 30138 3,064.8 2961.8 3,030.8 3,061.1 2,505.9 2,484.1 2,525.4 2,4647 24973 2536.2 66.3 32.6 38.9 44 45 Goods 2,029.5 20469 2,090.4 1,9686 2,026.7 2,032.2 1,6957 1,6820 1,730.5 1,656.8 1,687.7 1,707.6 124 19.8 45 46 Services 1,000.1 966.9 974.4 9932 1,0040 1,028.9 4 805.6 798.5 810.7 8128 831.7 23.4 20 18.9 46 3,8270 3,8910 3,890.5 3,767.9 3,810.0 3,839.8 3,433.1 3,449.6 3,460.5 3,3929 3,428.0 3,451.1 .57.5 35.1 47 Imports 23.2 47 Goods 3,111.8 3,1630 3,158.5 3,0580 3,107 5 3,1232 28387 2,838.6 2,851.6 2,8043 2,844.7 2,854.1 47.5 404 9.4 48 48 49 Services 715.2 7280 731.9 709.8 7024 716.7 597.8 613.4 611.5 591.8 587.6 600.5 -9.1 4.3 12.9 49 50 Government consumption expenditures and gross investment 4,7438 4.5724 4,643.9 4,662.8 4,794.8 4,868.5 3,818.8 3,7148 3,758.8 3,7898 3,8434 3,8813 145.4 40.0 50 Federal 1,771.8 1,691.8 1,730.6 1,744.3 1,791.9 1,820.1 1,480.7 1,444.5 1,462.8 1,4669 1,492.3 1,500.7 59.8 25.4 B.4 51 51 52 National defense 994.7 956.2 968.7 9789 1.009.1 1,022.1 827.5 811.5 815.4 820.1 836.8 837.7 27.4 16.7 0.9 52 53 Consumption expenditures 717.1 743.6 76010 764.9 789.1 794.5 637.2 622.1 630.B 632.1 6412 19.6 126 -3.5 53 Gross investment 217.6 212.7 208 8 214.0 227.6 191.1 190.4 18512 183 8 192 9 197.7 80 4.7 54 54 55 Nondefense 777.0 735.5 761.9 765.5 782.8 798.0 653.2 633.0 647.4 645.7 35515 663.0 32 5 7.6 55 Consumption expenditures 552 0 5243 54310 542.3 567 2 585.4 454.4 443.2 449.1 456.5 459.1 19.1 TA 2.6 56 57 13 Gross investment 225.1 211.2 218.9 223.2 225.6 232.6 199.7 190.4 195.3 198.6 199.8 205.0 137 5.2 57 58 284 State and local 2,9720 28806 2,013.2 2925.5 3,0029 3,046.4 2,338.4 2,270.8 2,296.5 2,3230 2,3514 2,3526 31.2 58 59 2,423.1 2,3865 2,399.1 2,3583 2443.9 2461.1 1,916.2 1,885.5 1,900.5 1,9092 1,921.7 1,933.4 41.8 125 11.7 59 Consumption expenditures Gross investment 548.9 494.1 514.2 537.2 5690 585.3 421.0 384.9 395.5 4128 4 428.4 447.5 156 19.1 60 61 Residual -108.9 -103.8 -107.2 -1025 -101.2 -116.8 Addenda 62 Gross domestic income (GDI) ..... 26, 1982 26,485.4 26,6257 26,969.7 .. 21,814.9 21,841.7 21,866.2 21,969.0 1027 .. 63 Average of GDP and GDI 25,303.3 26,649.5 26,844.4 27 289.9 .. 21,902.4 21,977.0 22,045.8 22 2298 184.0 .. 63 64 Final sales of domestic product 27,300.6 26 230.7 26,789.9 27,044.5 27 508.1 27/850.6 22,2850 21,809.9 22,054.3 22, 167.1 22,362.5 22,556.0 623.8 195.4 193.5 64 65 Gross domestic purchases 28, 1553 27 2856 27,639.3 27,869.1 28,389.4 28,723.3 23,287.6 22,936.7 23,028.5 23,140.9 23,409.0 23,571.8 433.2 268.1 162.8 65 66 Final sales to domestic purchasers 28,0980 27.1079 27,615.6 27,850.5 28287 3 28,638.5 23, 197.8 22,765.3 22,970.4 23,0826 23,280.0 23,458.3 505.4 197.3 178.3 66 67 Final sales in private domestic purchasers 23,354.2 22 535.5 22,971.7 23,180.7 23,492.5 23,772.0 19,384.8 19,047 2 19,218.1 19,298.9 19,442.1 19,580.2 354.8 143.2 138.0 67 68 GDP 27,3578 26 4084 26,813.6 27,063.0 27 610.1 27,944.6 22,374.3 21,390.0 22,112.3 22 225.4 22,490.7 22,669.0 5523 265.3 178.3 63 69 Plus: Income receipts from the rest of the world 1,340.7 1,390.7 1,4527 1,499.9 .... 1,182.6 1,215.4 1,2652 1,297.1 ... 31.9 ...". 70 Less Income payments to the rest of the world 1,1552 1,231.8 1,2797 1,335.8 1,019.1 1,076.8 1,114.6 1,1554 . 71 Equals: Gross national product 26,594.0 26,972.5 27 236.1 27,7742 22,161.3 22,260.3 22,384.6 22,6418. 257.2 71 72 Net domestic product 272,772.5 21,978.1 22,306.2 22,5060 22,9987 23,2790 18,591.6 18,274.5 18,370.3 18,455.6 18,693.8 18,846.6 443.3 238.1 152 8 72 " Revised. Revisions Include changes to series a flooded by the incorporation of revised wi callmains for the third quarter of 2023. 1. Fond gross down as he income is gross domestic income deflated by the implicit price deflator for grows domestic product Note. Users are cautioned that particularly for components that exhibit rapid change in prices relative to other prices in the economy. the chained-dolar estimates should not be Lead to my relating importance or is contribution to ha growth rain of more aggropain so recent changes in real gross domestic product, usa table Source: U. B. Bundu of Economic AnalysisTable 3. Gross Domestic Product: Level and Change from Preceding Period-Continues Bilions of dollars Billions of chained (2017) dollars Change from preceding Seasonally adjusted at annual rates Seasonally adjusted al annual rates period Line Line 2023 2023 2023 2032 2023 2127 2023 2023 02 03 Q4 02 03" 04 27,357_# 26,408.4 26,8136 27,063.0 27,610.1 27,944.6 22,374.3 21,990.0 22,112.3 22,225.4 22,490.7 22,669.0 552.3 265.3 178.3 1 1 Gross domestic product (GDP) 332.4 117.8 113.5 2 18,567 4 17,917.0 18,269.6 18,419.0 18,679.5 18,901.5 15,423.2 15,171.4 15,3129 15,343.6 15,461.4 15,5749 2 Personal consumption expenditures 107.0 43.2 3 6,192.4 6,047.6 6,133.8 6,144.7 6,231.6 6,259.5 5,308.5 5,275.2 5,341.0 5,347.3 5,411.3 5,454.5 3 Goods 160 2,198.7 2,129.0 2,1949 2,193.6 2,204.5 2 2020 2,041.8 1,957.5 20225 2,020.9 20539 2069.9 Durable goods 8 469 594.6 32 5 Motor vehicles and parts 7678 776.2 772.7 764.6 757.5 601.5 5725 599.6 5 Furnishings and durable 475.4 478.9 476.6 417.1 411.8 413.6 41316 419.2 4211 4.1 20 6 household equipment 478.5 478.0 4830 795.0 809.1 53 5 30.5 141 7 727.7 744.5 764.5 7 Recreational goods and vehicles 681.5 653.0 656.7 676.4 689.7 693.1 778.3 284.3 B 271.0 264.1 268.8 269.1 271.3 274.7 277.9 274.1 274.8 273.7 278. 5 B Other durable goods 31.8 27.2 9 3,993.7 3,918.6 3,9390 3,961.1 4,027.3 40575 3,356.3 3,3237 3,327.8 3,335.4 3,367.3 3,394.5 9 Nondurable goods Food and beverages purchased 1612 514 4.3 10 1,442.9 1,428.9 1,4306 1,434.1 1,4478 1,4592 1,151.6 1,1550 1,145.8 1,148.5 1,1539 1,158.2 for all premises consumption 501.9 492.7 500.2 504.6 7.5 4.4 11 506.6 5150 511.4 520.6 520.8 499.6 500.3 11 Clothing and footwed 516.9 74 -0.B 3.3 12 456.7 484.5 478.1 318.6 310.6 319.8 319.0 322.4 12 Gasoline and other energy goods 471.1 435.5 465.3 2210 156 13 1,562.7 1,497.7 1,5280 1,5490 1,574.4 1,5995 1,395.8 1,367.5 1,377.4 1,382.0 1,4040 1,419.6 35.6 13 Other nondurable goods 55.6 70.8 14 12,374.9 14,869.4 12,135.7 12 274.4 12,447.7 12,6420 10,062.5 9,9223 9,998.9 10,023.1 10,0787 10,149.5 226.5 14 Services Household consumption 5219 16.2 15 11,825.8 11,324.1 11,5952 11,730.1 11,8907 120873 9,661.9 9,5059 9,5970 9,622.9 9,6758 9,751.9 248.8 expenditures (for services 9.9 18 7 28 16 3,279.4 3,156.0 3,206.1 3,243.8 3,309.0 3,3586 2,559.0 2,554.7 2,545.8 2,550.0 2,5687 2,571.5 16 Housing and utilities 17.5 38.3 17 2,996.4 2,851.7 2,929.5 2,972.9 3,009.1 3,0743 2,614.3 2,5230 2/5840 2,600.0 2617.5 2,655.8 135.0 17 Health care 464.2 468.2 469.3 472.6 0.0 1.1 3.3 18 18 Transportation services 603.6 582.4 595.5 5978 604.0 6170 468.6 465.9 737.4 590.0 574.8 587.4 590.7 596.7 22.6 3.3 59 19 19 677.0 709.3 7223 Recreation services 702.7 41.2 1810 30.3 20 20 Food services and accommodations 1,368.6 1,298.6 1,3335 1,347.1 1,3778 1415.9 1,055.7 1,0359 1,043.5 1,041.1 1,059.0 1,079.3 14.4 3.5 58 21 21 Financial services and insurance 1,320.9 1,273.0 D 1,2980 1,316.7 1,3360 1,332.9 1,045.9 1,0328 1,037.3 1,048.7 1,0522 1,045.4 31.3 -10.7 146 22 1,5390 1,436.3 1,5297 1,542.5 1,5326 1,5513 1,339.1 1,3250 1,348.0 1,338.4 1,327.6 1,342.2 22 Other services 33 Final consumption expenditures of nonprofit institutions serving 4181 405.2 406.4 401.9 -19.4 26 4.6 23 549.1 545.3 5405 5443 557.0 554.7 26.8 11.8 24 households Gross output of nonprofit institutions | 2,009.9 1,953.2 1,9724 1,996.9 2,019.6 20506 1,640.0 1,634.7 1.633.1 1,635.7 1,639.7 1,651.5 24 35 Less: Receipts from sales of goods and services by nonprofit 1,460.8 1,407.9 1,4319 1,452.6 1,4626 1495.9 1,239.2 1,2180 1,2310 1,235.3 1,235.5 1,254.0 49.7 1.2 17.6 25 institutions -50.6 96.9 8.7 26 4,844.1 4,726.2 4,725.8 4,780.3 4,9150 4955.3 4,052.2 4,058.5 3,963.7 4,014.1 4,111.1 41198 26 Gross private domestic investment 25.4 24.5 27 4,786.8 4,618.4 4,702.1 4,761.7 4,8130 4,870.5 3,962.2 3,876.5 3,905.9 3,955.9 3,981.3 4,005.8 22.9 27 Fixed investment 137.3 11.8 19.2 28 3,712.6 3,536.0 3,6413 3,709.1 3,7306 3,7695 3,268.9 3,170.0 3214.5 3,272.7 3,284.5 3,303.7 28 Nonresidential 837 9 736.1 800.2 832.5 B 558.4 596.6 619.3 647.6 1616 11.7 29 624.8 71.9 849.8 869.2 Structures -3.8 -14.1 54 30 1,380.8 1,357.1 1,368.7 1,390.4 1,3826 1,3817 1,245.4 1,249.5 1,236.4 1,259.6 1,245.5 1,240.1 30 Equipment 31 Information processing 1010 21 4576 450.0 460.9 462.2 490.7 489. 473.3 484.1 equipment 458.3 465.2 249.1 3.5 -01 32 305.2 306 3051 306.1 251.8 253.6 356.0 252.T 249 2 32 Industrial equipment -16.5 33 3012.7 305.9 291.1 253.8 252. 1 243.8 276.7 275.5 259. 35.6 -1.2 33 Transportation equipment 293.4 28919 273 8 253. 1 251.7 253.3 1.7 34 34 321.2 321.4 3190 321.2 320.9 323.5 252.7 258.4 252.7 Other equipment 59.1 6.3 11.5 35 1,493.9 1,442.8 1,4725 1,486.2 1,498.2 1,5186 1,397.8 1,3721 1,384.9 1,394.0 1,400.4 1,411.8 35 Intellectual property products 724.9 745.7 1218 208 36 36 640.8 616.3 632.4 633.6 640.9 656.3 721.2 690.4 702.2 712.1 Software 601.7 597.2 3.5 4.5 37 504.9 Research and development 741.3 740.2 745.5 749.1 602 2 602.8 606.1 730.2 Entertainment, Herary 94.1 -03 0.4 38 111.8 107.7 109 9 1124 111.8 113.2 94.0 93.0 and artistic originals 87 3 11.9 5.3 39 1.0742 1,082.5 1,060.8 1.052.6 1.0824 1,1010 735.3 741.2 727.1 738. 9 39 Residential 628 -11.4 40 18.6 102.0 84.8 46.5 151.9 2712 14.9 77.8 $1.5 40 Change in private inventories 573 177.7 23.7 -25 41 -1.1 -24 -1.5 -0.2 14.1 -0.4 41 Farm -0.9 -16.3 3.8 48.0 28.8 14.8 78 5 69.9 -94.2 6316 85 42 154.8 12 Nonfarm 58.2 194.0 31.5 16.6 98.3 86.4 " Revised. Revisions include changes to sorias a flo died by the incorporation of revised wage and salary estimates for the third quarter of 2023. 1. Foul gross whatied to other prices in the economy, the chained-d Noin. Users are cautioned that particularly for component era in real gross domestic product, usa table 2. 8406:: U S. Bunch of Economic AnalysisPart A) Table: Percentage of each category in both nominal GDP and real GDP based on most recent quarter data provided (Q4 2023) Quarterly Data (Q4 2023) Nominal Chained 2017 dollars 1. Personal Consumption Expenditures 18901.5 15574.9 2. Gross Private Domestic Investment 4955.3 4119.8 3. Net Exports of Goods and Services -778.7 -9149 4. Government Consumption Expenditure and Gross Investment 4866.5 3883.3 GDP = 1 +2+3. +4. 27944.6 22663.1 Part B) Calculations Nominal GDP Proportion Real GDP Proportion Category Gross Domestic Product 100.00% 100.00% Personal Consumption Expenditures 60.76% 57.99% Gross Private Domestic Investment 16.84% 20.21% Net Exports of Goods and Services -3.60% -4.30% Government Consumption Expenditures and Gross 14.67% 18.57% Investment Nominal GDP Proportions: Gross Domestic Product (GDP): $26, 191.6 billion Personal Consumption Expenditures (PCE): $15,913.5 billion Proportion: ($15.913.5 / $26,191.6) * 100% = 60.76% Gross Private Domestic Investment (GPDI): $4,411.3 billion Proportion: ($4,411.8 /$26,191 6) *100% = 16.84% Net Exports of Goods and Services (NX): -$943.4 billion (negative, indicating a trade deficit) Proportion: (-$943.4 / $26,191.6) * 100% =-3.60% Government Consumption Expenditures and Gross Investment (GCE): 13,843.1 billion Proportion: (53,843.3 / $26.191 6) * 100% = 14.67%% Real GDP Proportions (using chained 2012 dollars): Real GDP: $19 127.6 billion Real PCE: $13,005 9 billion Proportion: ($13.005.9 / $19,127.6) * 100% = 67.99% Real GPDI: $3,866 3 billion Proportion: ($3,866.3 /519.127 6) * 100% =20.21% Real NX: -$821.7 billion Proportion: (-$821.7 / $19.127.6) *100% =-4.30% Real GCE: $3,552 3 billion Proportion: ($3,552.3 / $19.127 6) *100% = 18.57%%