Compare 2018 and 2019's consumption as a percentage of RGDP. Has consumption as a percentage of GDP changed from 2018 to 2019? ExplainYour Explanation should include numerical computations.
Bureau of Economic Analysis Table 1.1.6. Real Gross Domestic Product, Chained Dollars Billions of chained nally adjusted at annual rates ast Revised On: Mar 26 2020 8:30AM - Next Release Date: Apr 29 2020 8:30AM Line 2018 2018 2019 Q4 Q1 Q2 Q3 Q4 18,927-3 19,021.9 19,121.1 19,222.0 Gross domestic product 18,638.2 19,073.1 18,783.5 13,413.8 Personal consumption expenditures 12,944.6 13,260.1 13,066.3 13,103.3 13,250.0 13,353.1 Goods 4,583.3 4,754.6 4,631.8 4,649.2 4,746.4 4,808.0 4,814.7 1.766.4 1,705.2 1,706.3 1,759.3 1,793.9 1,806.1 Durable goods 1,685.7 3,030.0 3,025.7 Nondurable goods 2,909.6 2,938.9 2,954.6 3,001.3 8,639.1 Services 8,388.1 8,562.9 8,462.6 8,483.1 8,541.4 8,587.9 3,363.4 Gross private domestic investment 3,360.5 3,421.3 3,429.5 3,481.1 3,424.7 3,416.2 3,325.9 Fixed investment 3,293.4 3.335.8 3,323.0 3,349.4 3,330.5 2,692.3 2,748.1 2,735.8 2.765.6 2.758.5 2,742.7 2,725.7 Nonresidential 500.1 10 Structures 540.9 517.8 538.6 523.0 1,255.6 11 1,255.3 ,278.9 1,269.3 Equipment 12 Intellectual property products 901.6 969.2 934 3 955.6 964.2 975.2 Residential 593.8 593.0 591.4 587. 603.1 13 602.9 13.1 14 Change in private inventories 48.1 67.0 93.0 116.0 69.4 69.4 900.7 Net exports of goods and ser -920.0 953.9 983.0 2,523.4 2536.4 Exports 2,532.9 2,532.9 2,528.5 2,554.4 2,517.5 1,782.5 1,802.6 1.782.3 17 1,782.8 1784.7 18 Goods 1775.3 755.4 752.5 751.7 757.8 748.0 745.5 758.6 19 Imports 3,453.0 3,486.8 3,511.6 3,498.3 3,498.2 3,513.6 3,437.1 2,861.5 20 Goods 2,916.1 2,923.4 2,962.0 2,940.7 2,941.7 2,949.6 539.9 562.4 552.0 558.1 557.2 563.7 $70.4 21 Services 3,223.9 3,234.9 3,258.1 3,310.4 22 Government consumption expenditures 3,299.0 3,296.6 3,331.1 gross Investment 1,248.8 1,284.4 ,295.1 Federal 1,232.2 1,275.5 1,242.1 ,273.9 775.0 783.3 National d 737.5 773.4 750.6 764.5 770.8 Nondefense 494.2 502.0 491.3 484.5 502.9 509.1 511.5 State and local 1,990.0 2,022.3 1,991.4 2,007.9 2,021.4 2,024.9 2,035.0 Residual 2.1 -29.0 -15.8 -24.6 -33.9 -41.7 Legend / Footnotes: ined (2012) dollar series are cal product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by 0. Because the formula for the chair of more than one period, the correspond lly not additive. The residual line is the difference between t iled lines If you cannot see the above image, download the image here. Using Table 1.1.6 Real Gross Domestic Product, Chained Dollars, for the year 2018/2019 answer the following Compare 2018 and 2019's consumption as a percentage of RGDP. Has consumption as a percentage of GDP changed from 2018 to 2019? Explain Use complete sentences. Your explanation should include numerical computation(s)