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Current-dollar GDP increased 7.7 percent at an annual rate, or $475.5 billion, in the third quarter to a level of $25.72 trillion {table 1 and
Current-dollar GDP increased 7.7 percent at an annual rate, or $475.5 billion, in the third quarter to a level of $25.72 trillion {table 1 and table 3}, an upward revision of $25.0 billion from the previous estimate. More information on the source data that underlie the estimates is available in the "K_ev Source Data and Assumptions" le on BEA's website. The price index for gross domestic purchases increased 4.8 percent in the third quarter {table 4], an upward revision of 0.1 percentage point from the previous estimate. The PCE price index increased 4.3 percent, unchanged from the prior estimate. Excluding food and energy prices, the PCE price index increased 4.7 percent, revised up 0.1 percentage point. (11. The above is the released data by beagov. a). From table 3, what are the nominal GDP for Q3 and Q2 2022? b). Calculate the quarterly growth rate from 12 to (13. c). Show that the nominal GDP grew from Q2 to (13 at annual rate of 7.7%. (12. A}. Find out the nominal and real PCE from table 3, B). As with GDP deflator, construct the PCE price index for [12 and Q3; C]. Show that the PCE price index increased at annual rate of 4.3%
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