Please note that the CA data in the balance of payments table (Table 1) and the GDP data (Table 3) are not the same due difference in reporting systems.
Was the United States total DOMESTIC expenditure more than, less than, or equal to gross national income (or GNP) in 2018?
a. More than.
b. Less than.
c. Equal to.
d. None of the above.
Table 1: US. Balance of Payments 2018 (millions of US. dollars) 2003 -681,391.0 1,303,7940 2,141 ,2860 4532,4920 532,819.0 409,055.0 703,723.0 315,569.0 635,920.0 _579,079.0 35,0730 1237,3900 6,011.0 6,170.0 159.0 -675,380.0 .751,920.0 3435830 351 ,991 .0 0,4030 341 ,0920 3032190 37,8730 2154,2700 03,500 .245,720.0 523,684.0 126,805.0 396,879.0 32,9470 Current account (excludes reserves and related items) Goods, credit (exports) Goods, debit (imports) Balance on goods -490,991.0 1,674,3300 2,561,6660 -887,336.0 3215,9750 567,326.0 -627,687.0 1,084,1840 1530,2030 373,706.0 150,191.0 267,476.0 3,2350 3,247.0 12.0 4137,7560 -450,4590 -78,4560 _151,6130 73,1570 258,390.0 357,164.0 -98,7740 334,036.0 194,088.0 1351,9480 315,673.0 142,397.0 173,276.0 20,7210 Services, credit (exports) Services, debit (imports) Balance on goods and services Primary income, credit Primary income, debit Balance on goods, services, and primary income Secondary income, credit Secondary income, debit Capital account (excludes reserves and related items) Capital account, credit Capital account, debit Balance on current and capital account Financial account (excludes reserves and related itenls) Direct investment, assets Equity and investment fund shares Debt instruments Direct investment, liabilities Equity and investment fund shares Debt instruments Portfolio investnlent, assets Equity and investment fund shares Debt instruments Portfolio investment, liabilities Equity and investment fund shares Debt instruments Financial derivatives (other than reserves) and employee stock options Fin. derivatives and employee stock options, assets Fin. derivatives and employee stock options, liabilities Other investment, assets -331,770.0 50,2611] Other equity Debt instruments 4131,7701) 402,366.13 50,2611] Other investment, liabilities 1615161] Other equity Debt instruments 402,366.13 76,540.!) -71,703.{] 4,837.0 4,837.0 1615160 -37,297.0 42,301.3 5,004.5 5,004.3 Balance on current, capital, and nancial account Reserves and related items Reserve assets Net credit and loans from the IMF (excluding reserve position) _ Exceptional nancing Table 3: U.S. GDP 2018 (billions of U.S. dollars) Line 2010 2018 1 Gross domestic product 15,600.8 IN 18,609.0 Personal consumption expenditures 10,643.0 12,944.6 3 UI A Goods 3,485.7 4,583.3 Durable goods 1,027.3 1,685.7 Nondurable goods 2,461.3 2,909.6 6 Services 7,157.4 8,388.1 Gross private domestic investment 8 2,216.5 ,360.5 Fixed investment 2,164.2 9 3,293.4 Nonresidential 1,781.0 2,692.3 10 Structures 412.8 540.9 11 Equipment 781.2 1,255.3 12 Intellectual property products 588.1 901.6 13 Residentia 383.0 602.9 14 Change in private inventories 57.3 18.1 15 Net exports of goods and services (565.9) (920.0) 16 Exports 1,977.9 2,532.9 17 Goods 1,368.7 1,782.8 18 Services 609.2 755.4 19 Imports 2,543.8 3,453.0 20 Goods 2,112.7 2,916.1 21 Services 430.8 539.9 22 Government consumption expenditures and gross investment 3,307.2 3,223.9 23 Federal 1,346.1 1,232.2 24 National defense 861.3 737.5 25 Nondefense 484.8 194.2 26 State and local 1,961.3 1,990.0 Note: The GDP number is adjusted from that directly downloaded from BEA so that it matches the aggregate of the separate components
