Based off the table of real and nominal GDP, what are the answers to the following questions Why was the nominal GDP greater than the real GDP By how much 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 Where would Total Trade rank among the 3 other categories What is Gross private domestic investment What does gross private domestic investment measure What is Net exports of goods and services Why it is negative In the left part of the table 3 (nominal GDP) find the category State and Local How much was the State and Local Expenditure for the 2019 Calculate percentage of State and Local Expenditure out of Government consumption expenditures and gross investment Calculate percentage of State and Local Expenditure out of GDP Please analyze and discuss the significance of the data that you received for this Data exercise Reflect on what you have learned from this exercise Real and Nominal Gross Domestic Product in 2019 1A) Nominal 2A) Real 1B) in 2B) in GDP GDP Nominal Real GDP GDP Gross Domestic Product $21,429 $19072,5 100 100 (GDP) Personal Consumption $14 563,9 $13 279,6 67 96 69 63 Expenditures Gross Private Domestic $3 742,8 $3 421,2 17 47 17 94 Investment Net Exports of Goods $ 632,0 $ 954,2 2 95 5 00 and Services Gov't Consumption $3 754,3 $3 299,4 17 52 17 30 Expenditures Gross Investment

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Based off the table of real and nominal GDP, what are the answers to the following questions? Why was the nominal GDP greater than the

Based off the table of real and nominal GDP, what are the answers to the following questions?

Why was the nominal GDP greater than the real GDP? By how much?
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? Where would Total Trade rank among the 3 other categories?
What is "Gross private domestic investment"? What does gross private domestic investment measure?
What is "Net exports of goods and services"? Why it is negative?
In the left part of the table 3 (nominal GDP) find the category "State and Local". How much was the State and Local Expenditure for the 2019? Calculate percentage of State and Local Expenditure out of "Government consumption expenditures and gross investment". Calculate percentage of State and Local Expenditure out of GDP.
Please analyze and discuss the significance of the data that you received for this Data exercise. Reflect on what you have learned from this exercise.

Real and Nominal Gross Domestic Product in 2019 1A) Nominal 2A) Real 1B) % in 2B) % in GDP GDP Nominal Real GDP GDP Gross Domestic Product |$21,429 $19072,5 100% 100% (GDP) Personal Consumption $14.563,9 $13.279,6 67.96% 69.63% Expenditures Gross Private Domestic $3.742,8 $3.421,2 17.47% 17.94% Investment Net Exports of Goods $-632,0 $-954,2 -2.95% -5.00% and Services Gov't Consumption $3.754,3 $3.299,4 17.52% 17.30% Expenditures & Gross Investment