February 28, 2024 Table 3. Gross Domestic Product: Level and Change from Preceding Period--Continues Billions of dollars Billions of chained (2017) dollars Change from preceding Seasonally adjusted at annual rates Seasonally adjusted at annual rates period Line Line 2023 2023 2023 2022 2023 2022 2023 2023 Q4' 04 Q1 Q2 Q3' Q4' Q4 Q1 Q2 Q4' 552.3 265.3 176.3 27,357.6 26,408.4 26 813.6 27,063.0 27,610.1 27,944.6 22,374.3 21,990.0 22,1123 22,225.4 22,490.7 22 669.0 Gross domestic product (GDP] 332.4 117.8 113.5 18,567 4 17,917.0 18,269.6 18.419.0 18,679.5 18,901.5 15,423.2 15.171.4 15,312.9 15,343.6 15,461.4 15,574.9 2 Personal consumption expenditures 63.9 43.2 6,192.4 6,047.6 6.133.8 6,1447 6,231 8 6,259.5 5.386.5 5 275.2 5,3410 5,347.3 5,411.3 5,454.5 107.0 Good 81.0 33.0 2,198.7 2,129.0 2,194.9 2,193.6 2,2045 2,202.0 2,041.8 1,957.5 2,0225 2,020.9 2,053.9 2,069.9 Durable goods 3.2 614.1 599.6 597.8 594.6 28.9 -18 Motor vehicles and parts 767.8 733.9 776.2 7727 764 6 757.5 601.5 572.5 Furnishings and durable 411.8 413.6 413.6 419.2 421.8 4.1 2.3 6 478.5 478.0 483.0 475.4 478.9 476.6 417.1 household equipment 7 676.4 689.7 693.1 778.3 727.7 744.5 764.5 795.0 809.1 53.5 90.5 14.1 Recreational goods and vehicles 681.5 653.0 666.7 273.7 278.5 284.8 0.1 6.4. Other durable goods 271.0 264.1 268.8 269-1 2713 274.7 277.9 274.1 274 6 28.7 31.8 27.2 3,993.7 3,918.6 3,939.0 3,951.1 4,027 3 4,057.5 3,356.3 3,323.7 3,927 8 3,335.4 3,367.3 3,394.5 Nondurable goods Food and beverages purchased -16.2 4.3 10 1,442.9 1,428.9 1,430.6 1,434.1 1,447 8 1,459.2 1,151.6 1,155.0 1,1458 1,148.5 1,153.9 1,158.2 for off-premises consumption 501-9 4927 500.2 504.6 75 4.4 11 516.9 506.6 515.0 511.4 520 6 520.8 499.8 500.3 11 Clothing and footwed 475.1 310.6 31310 319.8 319.0 322.4 74 -0.8 3.3 12 12 Gasoline and other energy goods 471-1 485.5 465.3 456.7 484.5 22.0 1,562.7 1,497.7 1,528.0 1,549.0 1,574.4 1,599.5 1,395.8 1,367.5 1,9774 1,382.0 1,404.0 1,419.6 35.6 15.6 13 13 other nondurable goods 226.5 $5.6 708 14 12,374.9 11,869.4 12 135.7 12,274.4 12,447.7 12,642.0 10,062.5 9.922.3 9,998.9 10,023.1 10,078.7 10,149.5 14 Services 15 Household consumption 52.9 76.2 15 11,825.6 11,324.1 11,595.2 11,730.1 11,890.7 12,087.3 9,661.9 9,505.9 9,5970 9,622.9 9,675.8 9,751.9 248.8 expenditures (for services) 9.9 1.8.7 2.8 16 3,279.4 3,155.0 3,206.1 3,243.8 3,309 0 3,358.6 2,559.0 2,554.7 2,5458 2,550.0 2,568.7 2,571.5 16 Housing and utilities 2,996.4 2,851.7 2,929.5 2,9729 3,009.1 9,074.3 2,614.3 2,523.0 2,5840 2,600.0 2,617.5 2,655.8 135.0 17.5 38.3 17 Health care 469.3 472.6 0.0 1.1 3.3 18 603.6 582.4 595.5 597.8 604 0 617.0 468.6 465.9 464 2 468.2 18 Transportation services 709.5 722.3 737.4 590.0 574.8 585.3 587.4 590.7 596.7 22.8 3.3 5.9 19 19 Recreation services 717.9 677.0 702.7 41.2 1.8.0 20.3 20 20 Food services and accommodations 1,368.6 1,298.6 1,393.5 1,347.1 1,377 8 1,415.9 1,055.7 1,035.9 1,043.5 1,041.1 1,059.0 1,079.3 14.4 3.5 -6.8 21 21 Financial services and insurance 1,320.9 1,273.0 1,298.0 1,3167 1,936.0 1,932.9 1,045.9 1,092.8 1,0373 1,048.7 1,052.2 1,045.4 1,325.0 1,348 0 1,338.4 1,327.6 1,342.2 31.3 -10.7 14.6 22 22 Other service 1,539.0 1,486.3 1,529.7 1,5425 1,532 6 1,551.3 1,339.1 Final consumption expenditures of nonprofit institutions serving 540.5 557.0 554.7 404.3 418.1 405 2 403.8 406.4 401.9 -19.4 2.6 4.5 23 545.3 households 549.1 26.8 4.1 11.8 24 Gross output of nonprofit institutions 2,009.9 1,953.2 1,972.4 1,996.9 2,019 6 2,050.6 1,640.0 1,634.7 1,633.1 1,635.7 1,639.7 1,651.5 24 Less: Receipts from soles of goods and services by nonprofit 1.2 1,460.8 1,407.9 1,431.9 1,4526 1,462.6 1,495.9 1,239.2 1,218.0 1,2310 1,235.3 1,236.5 1,254.0 49.7 17.3 25 institutions 96.9 4,844.1 4,796.2 4725.8 4,7803 4,9150 4,955.3 4052.2 4 058.5 3,963.7 4,014.1 4,111.1 4119.8 -50.6 B.7 26 26 Gross private domestic investment 22.9 25.4 24.5 27 4,786.8 4,618.4 4702.1 4,761.7 4,813.0 4,870.5 3962.2 3876.5 3,9059 3,955.9 3,951.3 4,005.8 27 Fixed investment 137.3 11.8 19.2 26 3,712.6 9,536.0 9,641.3 3,709.1 3,730.6 3,769.5 3,268.9 3,170.0 3,214.5 9,272.7 3,284.5 3,903.7 28 Nonresidential 635.9 647.6 71.9 16.6 11.7 29 29 Structures 837.9 736.1 800.2 832.5 8498 869.2 624.8 558.4 596 6 619.3 1,245.4 1,249.5 1,236.4 1,259.6 1,245.5 1,240.1 3.8 -14.1 5.4 30 30 Equipment 1,380 8 1,357.1 1,368.7 1,390.4 1,3826 1,381.7 31 Information processing -27.6 10.8 31 458.5 462.6 465.2 457.8 450.0 460.9 482.2 490.7 489.6 482.0 473.3 484.1 equipment 305.7 306.1 251.8 253.6 256.0 252.7 249.2 249.1 -3.1 -3.5 -0.1 32 307_B 303.2 310.6 308.6 32 Industrial equipment 276.7 275.5 259.1 35.6 -1.2 -16.5 33 243.8 Transportation equipment 293.4 269.9 273.8 302.7 3059 291.1 263.8 252.1 258.4 253.1 251.7 253.3 -9.4 -1.A 1.7 34 320 9 323.5 252.7 252 7 34 Other equipment 321.2 321.4 319.0 321.2 59.1 6.3 11.5 35 1,493 9 1,442.8 1,472.5 1,486.2 1,4982 1,518.6 1,397.8 1,372.1 1,9849 1,394.0 1,400.4 1,411.8 35 Intellectual property products 724.9 745.7 12.8 20.8 36 640.8 616.3 632.4 693.6 640.9 656.3 721.2 690.4 702 2 712.1 36 Software -8.5 4.5 37 730.2 740.2 745.5 749.1 602.2 602.8 604.9 605.1 601.7 597.2 37 Research and development 741.3 715.8 38 Entertainment, literary, 93 8 93.7 2.0 -0.4 38 9315 94.4 94.1 and artistic originals 111.6 107.7 109.9 1124 111.8 113.2 94.0 731_1 727.1 735.9 744.2 -87.3 11.9 5.3 39 735.3 741.2 39 Residentia 1,074.2 1,062.5 1,060.8 1,0526 1,0824 1,101.0 46.5 151. 27.2 14.9 77 8 66.3 -81.5 62.8 -11.4 40 57.3 177.7 18 6 102.0 40 Change in private inventories 23.7 -0.2 14. -0.4 -2.5 41 -0.9 -16.3 20 -1.6 1.1 .74 -1.5 0.2 41 Fam -94.2 86.4 78.5 63.6 31.5 16.6 154.8 69.9 8.5 42 98.3 48.0 14.8 42 Nonfarm 58.2 194.0 Rewbed Revisions Include change affected by the Incorporation of revised wage and Bulary estimates for the third quarter of 2023. de latar far gross domestic product. 1. Real gross do ents that exhaltrapld change In prices relative to other prices In the economy, the chained-dollar estimates should not be used to measure the component's relative Importance or its contribution to the Note. Users are cautioned that partFebruary 28, 2024 Table 3. Gross Domestic Product: Level and Change from Preceding Period--Table Ends Billions of dollars Billions of chained (2017) dollars Change from preceding Seasonally adjusted at annual rates Seasonally adjusted at annual rates period Line Line 2023 2023 2022 2022 2023 2023 2023 2023 Q4 Q1 Q2 03' Q4' Q4 Q1 Q2 Q3' Q4' 23 04 -877.2 -825.7 -806.1 -779.2 -778.7 -927.2 -965.6 -935.1 -928.2 -930.7 -914.9 123.8 .2.5 15.8 43 43 Net exports of goods and services -797.4 66.3 32.6 38.9 44 44 Exports 3,029.6 3,013.8 3,064.8 2,961.8 3,030.8 3,061.1 2,505.9 2,484.1 2,525.4 2,464.7 2,497.3 2,536.2 30.9 19.8 45 45 Goods 2,029.5 2,046.9 2,090.4 1,968.6 2,026.7 2,032.2 1,695.7 1,682.0 1,730.5 1,656.8 1,687.7 1,707.6 42.4 1,000.1 366.9 974.4 993.2 1,004 0 1,028.9 813.4 805.6 798.5 812.8 831.7 23.4 2.0 18.9 46 46 Services -57.5 35.1 23.2 47 47 Imports 3,827.0 3,891.0 3,890.5 3,767.9 3,810.0 3,839.8 3,433.1 3,449.6 3,460.5 3,392.9 3,428.0 3,451.1 3,111.8 3,163.0 3,158.5 3,058.0 3,107 5 3,123.2 2,838.7 2,838.6 2,851.6 2,804.3 2,844.7 2,854.1 47.5 40.4 9.4 48 48 Goods 715.2 728.0 731.9 709.8 702.4 716.7 597.8 613.4 611.5 591.8 587.6 600.5 -9.1 -4.3 12 9 49 49 Services 50 Government consumption expenditures and gross 4,743.8 4,572 4 4,643.9 4,669.8 4,794.8 4,866.5 3,818.8 3,714.8 3,758.8 3,789.8 3,843.4 3,883.3 148.4 53.6 40.0 50 investment 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 1,466.9 1,492.3 1,500.7 59.8 25.4 8.4 51 51 Federal National defense 994.7 956.2 968.7 978.9 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 52 53 Consumption expenditures 777.1 743.6 760.0 764.9 789.1 794.5 637.2 622.1 630.8 632.1 644.7 641.2 19.6 12.6 -3.5 53 192.9 197.7 8.0 41 4.7 54 54 Gross investment 217.6 212.7 208.8 214.0 220.1 227.6 191.1 190.4 185.2 188.8 777.0 735.5 761.9 765.5 782.8 798.0 653.2 633.0 647.4 646.7 655.5 663.0 32.5 8.7 7.6 55 55 Nondefense 543.0 557.2 565.4 454.4 443.2 452 8 449.1 456.5 459.1 19.1 74 2.6 56 56 Consumption expenditures 552.0 524.3 542.3 190.4 195.3 198.6 199.8 205.0 13.7 1.3 5.2 57 57 Gross investment 225.1 211.2 218.9 223.2 225.6 232.6 199.7 58 State and local 2,972.0 2,880.6 2,913.2 2,925.5 3,002.9 3,046.4 2,338.4 2,270.8 2,296.5 2,323.0 2,351.4 2,382.6 88.8 28.4 31.2 58 41.8 12.5 11.7 59 59 Consumption expenditures 2,423.1 2,386.5 2,399.1 2,388.3 2,443.9 2,461.1 1, 1,916.2 1,885.5 1,900.5 1,909.2 1,921.7 1,933.4 60 Gross investment 548.9 494.1 514.2 537.2 559.0 585.3 421.0 384.9 395.5 412.8 428.4 447.5 16.1 156 19.1 60 61 Residual -106.9 -103.8 -107.2 -102.5 -101.2 -116.8 61 Addenda: 21,814.9 21,841.7 21,866.2 21,969.0 102 7 62 Gross domestic income (GDI) ' 26,198 2 26,485.4 26,625.7 26,969.7 63 63 Average of GDP and GDI 26,303.3 26,649.5 26,844.4 27,289.9 21,902.4 21,977.0 22,045.8 22,229.8 184.0 623.8 195.4 193.5 64 64 Final sales of domestic product 27,300.6 26,230.7 26,789.9 27,044.5 27,508.1 27,859.8 22,285.0 21,809.9 22,054.3 22,167.1 22,362.5 22,556.0 65 Gross domestic purchases 28, 155.3 27,285.6 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. 162.8 65 505.4 197.3 178.3 66 66 Final sales to domestic purchasers 28,098.0 27,107.9 27,615.6 27,850.5 28,287.3 28,638.5 23,197.8 22,755.3 22,970.4 23,082.6 23,280.0 23,458.3 67 Final sales to 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 19,580.2 354.8 138.0 67 27,357.8 26,408.4 26,813.6 27,063.0 27,610.1 27,944.6 22,374.3 21,990.0 22,1123 22,225.4 22,490.7 22,669.0 552.3 265.3 178.3 68 68 GDP 69 Plus: Income receipts from the rest of the world 1,340.7 1,390.7 1,452.7 1,499.9 1,182.6 1,215.4 1,265.2 1,297.1 .... 31.9 ... 70 Less: Income payments to the rest of 1,155 2 1,231.8 1,279.7 1,335.8 1,019.1 1,076 8 1,114.6 1,155.4 ........... 40.8 the world 22,161.3 22,260.3 22,384.6 22,641.8 71 26,594.0 26,972.5 27,236.1 27,774.2 2572 ....... 71 Equals: Gross national product 22,772.5 21,978.1 22,306.2 22,506.0 22,998.7 23,279.0 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 72 Net domestic product r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2023a) Create the table that contains the following information for the most recent quarter where data required for this exercise is available. Please note that using the data for previous years and/or previous estimates will produce grade zero for this part of the project. You need this information from both parts of the table 3- (nominal GDP (and its components) from left columns and real GDP (chained 2012 dollars) from the right part of the table 3). Omit the intermediate lines found in Table 3 on the web site. Gross domestic product Personal consumption expenditures Gross private domestic investment Net exports of goods and services Government consumption expenditures and gross investment b) Calculate the percentage (the proportion) of each category in nominal GDP and in real GDP. Using Nominal GDP: [Personal consumption expenditures /Nominal GDP]*100% [Gross private domestic investment/ Nominal GDP]*100% (Net exports of goods and services / Nominal GDP]*100% Government consumption expenditures and gross investment Nominal GDP] 100% And using Real GDP: Personal consumption expenditures / Real GDP]*100% [Gross private domestic investment/ Real]*100% (Net exports of goods and services / Real GDP]*100% [Government consumption expenditures and gross investment/ Real GDP]*100% Present the information that you received (a) and (b) as a table(s) in your project