Use table 3 (Gross Domestic Product: Level and Change from Preceding Period). Tables are located at the end of the Release, so you need to scroll all the way down to the tables.
The left columns are nominal GDP (and its components) and the right half represents real GDP (chained 2012 dollars).
a)Create the tablethat containsthe following information for the last available quarter. 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%
January 28, 2021 Table 3. Gross Domestic Product: Level and Change from Preceding Period--Continues Billions of dollars Billions of chained (2012) dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates Change from preceding period Line ine 2020 2019 2020 2020 2019 2020 2020 2020 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q3 Q4 1 Gross domestic product (GDP) 20,932.8 21,747.4 21,561.1 19,520.1 21,170.3 21,479.5 18,422.6 19,254.0 19,010.8 17,302.5 18,596.5 18,780.3 -669.1 1,294.0 183.8 1 2 Personal consumption expenditures 14,147.4 14,7592 14,545.5 13,097.3 14,401.5 14,545.3 12,727.0 13,353.7 13,118.4 11,860.3 12,924.7 13,004.7 -513.2 1,064.5 80.0 Goods 4,660.8 4,562.4 4,552.9 4,361.5 4,868.4 4,860.6 4,947.3 4,811.8 4,812.9 4,677.4 5,152.4 5,146.7 186.9 475.0 5.7 D WN Durable goods 1,620.1 1,554.1 1,496.4 1,478.3 1,753.0 1,752.6 1,888.2 1,811.7 1,752.0 1,744.6 2,028.2 2,028.0 113.6 283.6 -0.2 Motor vehicles and parts 536.7 528.2 484.6 484.6 585.0 592.5 536.6 539.2 495.9 497.3 574.1 579.3 4.3 76.8 5.2 5 Fumishings and durable household equipment 380.7 360.9 359.2 352.0 407.6 403.9 433.3 417.3 413.2 404.7 460.9 454.3 23.2 56.1 -65 6 Recreational goods and 490.2 441.6 441.8 471.6 525.7 521.5 696.8 613.0 620.6 674.0 748.5 744.0 106.2 74.4 4.5 7 vehicles Other durable goods 212.6 223.4 210.9 170.0 3 234.7 257.2 263.7 251.2 205.5 284.0 288.1 -3.4 78.5 8 .9 3, 154.5 3, 149.2 79.1 206.6 -5 31 Nondurable goods 3,040.8 3,008.2 3,056.5 2,883.2 3,115.4 3, 108.0 3,080.6 3,018.2 3,070.6 2,947.9 3, 154 Food and beverages purchased for off-premises consumption , 133.8 1,032.4 1,112.9 1, 137.1 1,147.0 1,138.0 1,050.0 987.1 1,055.9 1,040.9 1,055.0 1,048.3 68 14.0 -6.6 10 Clothing and footwear 353.8 404.9 366.5 287.8 380.0 381.0 380.4 418.0 375.9 318.1 412.5 414.9 -31.6 94.4 2.4 11 11 Gasoline and other energy goods 249.8 340.4 310.4 188.3 248.4 252.2 390.2 441.6 421.3 400.7 396.7 -54.8 58 .7 -4.0 12 13 Other nondurable good 1,303.4 1,230.5 1,266.7 1,270.0 1,340.0 1,336.8 1,218.5 1,152.5 1, 186.3 1,186.8 1,249.5 1,251.6 73.6 62.7 2.1 13 9,486.6 10,196.8 9,992.5 8,735.8 9,533.2 9,684.7 7,897.5 8,584.9 8,365.3 7,306.9 7,919.6 7,998.0 -623.1 612.6 78.5 14 14 Services 15 Household consumption 8,954.0 9,758.5 9,471.1 8, 153.3 9,039.0 9, 152.8 7,472.6 8,237.0 7,949.2 6,832.2 7,525.1 7,584.0 -695.2 692.9 59.0 15 expenditures (for services) 2.3 16 16 Housing and utilities 2,782.6 2,717.8 2,737.3 2,781.2 2,799.3 2,812.7 2,216.2 2,199.1 2, 197.4 2,220.6 2,224.5 2,222.2 23.2 3.9 17 2,305.2 2,500.3 2,403.5 2,000.8 2,369.4 2,447.2 2,049.2 2,260.2 2, 161.7 1,782.7 2,095.2 2, 157.4 -183.6 312.5 62.2 17 Health care 18 Transportation services 366.3 493.5 453.4 286.8 362.2 362.9 339.3 447.8 414.8 267.3 339.8 335.5 -103.1 72.5 -4.3 18 19 84.3 9.6 19 Recreation services 405.8 590.7 536.6 290.1 390.5 405.9 343.5 506.7 457.7 246.0 330.3 340.0 -159.7 20 Food services and 795.5 1,011.5 926.4 616.0 824.7 814.8 658.0 847.0 771.0 514.1 680.1 666.6 -184.2 66.0 135 20 accommodations Financial services and Insurance 1,203.4 1, 199.5 1,200.9 1,182.0 1,212.9 1,217.9 866.3 865.8 861.4 859.0 871.8 873.2 8.5 12.9 1.4 21 21 1,095.2 1,245.2 1,213.0 996.4 1,080.0 1,091.5 984.2 1, 130.5 1,094.3 897 7 967.4 977.4 -130.2 69.8 10.0 22 Other services 23 Final consumption expenditures of nonprofit institutions serving 532.5 438.3 521.4 582.5 494.2 532.0 420.5 349.5 413.5 467.0 391.6 410.1 66.6 -75.5 18.6 23 households 24 Gross output of nonprofit 1,655.7 1,678.0 1,681.1 1,595.6 1,647.1 1,699.1 1,379.8 1,422.1 1,415.5 1,338.4 1,368.7 1,396.6 -38.5 30.3 27.9 24 institutions 25 Less: Receipts from sales of goods and services by nonprofit 111.1 institutions 1, 123.2 1,239.7 1, 159.6 1,013.1 1,152.9 1,167.1 954.3 1,074.9 998.6 5 862.6 973.7 982.1 -112.0 8.4 25 26 Gross private domestic investment 3,600.4 3,732.6 3,675.9 3,128.6 3,688.2 3,908.8 3,259.1 3,413.3 3,334.0 2,849.8 3,329.6 3,522.9 -183.5 479.8 193.2 26 27 Fixed investment 3,677.3 3,7292 3,728.0 3,427.0 3,689.0 3,865.3 3,311.1 3,387.2 3,375.4 3,096.3 3,314.7 3,457.8 -60.7 218.4 143.1 27 28 Nonresidentia 2,793.8 2,902.3 2,859.3 2,646.8 2,787.4 2,881.8 2,666.1 2,781.5 2,733.8 2,525.5 2,659.0 2,746.2 -110.7 133.5 87.2 28 29 Structures 587.9 652.3 648.7 557.4 561.5 490.1 545.1 540.0 487.5 464.7 468.1 -57.7 -22.8 3.5 29 150.0 70.3 30 30 Equipment 1, 176.6 1,229.3 1,181.6 1,057.2 1,202.0 1,265.7 1,204.4 1,258.0 1,207.1 1,080.1 1,230.1 1,300.4 -63.3 31 Information processing equipment 420.6 392.1 377.7 401.8 443.4 459.6 531.2 492.9 475.8 507.4 559.6 581.9 37.3 52.3 22.2 31 32 Industrial equipment 252.0 257.8 255.1 238.8 249.5 264.7 238.5 245.3 241.8 226.5 236.1 249.5 -10.6 9.6 13.4 32 33 Transportation equipment 240.5 307.8 282.1 175.8 238.3 265.9 221.9 283.0 257.8 160.6 220.2 249.2 -63.8 59.6 28.9 33 34 Other equipment 260.5 271.7 266.7 240.9 270.8 275.6 240.6 248.5 243.9 219.5 247.0 252.2 -9.5 27.5 5.2 34 35 Intellectual property products 1,029.3 1,020.7 1,029.1 1,005.6 1,027.9 1,054.5 983.2 985.2 991.1 961.5 981 .1 998.9 15.0 19.6 17.8 35 36 Software 429.3 419.6 427.0 420.9 429.4 439.8 475.1 461.8 472.5 465.4 476.4 485.9 25.8 11.1 9.5 36 37 -0.6 8.7 37 Research and development 515.3 509.4 511.5 499.6 517.2 533.0 439.9 445.3 443.6 428.3 439.5 448.2 11.1 38 Entertainment, literary and artistic originals 84.7 91.7 90.6 85.2 81.3 81.6 77.1 84.3 82.8 76.8 74.5 74.4 -6.6 -2.3 -0.1 38 39 Residential 883.5 827.0 868.7 780.2 901.6 983.5 637.1 610.5 637.6 571.3 645.5 693.9 35.5 74.2 48.4 39 40 Change in private inventories -77.0 34 -52.1 -298.4 .08 43 5 -81.8 -1.1 -80.9 -287.0 -3.7 44.6 -130.3 283.3 48.3 40 41 Farm 1.4 -10.4 -3.5 -0.6 3.2 6.6 -0.5 -15.6 -10.7 -2.2 4.0 6.7 16.4 6.2 2.7 41 42 Nonfarm -78.4 13.8 -48.6 297 8 -4.0 36.9 -80.0 11.5 -70.9 -6.8 38.6 -142.2 274.0 45.4 42 . Real gross domestic income is gross domestic income deflated by the implicit price deflator for gross domestic product. Note. Users are cautioned that particularly for components that exhibit rapid 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 he growth rate of more aggregate series. For accurate estimates of the contributions to percent changes in real gross domestic product, use table 2. Source: U.S. Bureau of Economic Analysis - 11 -January 28, 2021 Table 3. Gross Domestic Product: Level and Change from Preceding Period--Table Ends Billions of dollars Billions of chained (2012) dollars Change from preceding ine Seasonally adjusted at annual rates Seasonally adjusted at annual rates 2020 2020 period Line 2019 2020 2019 2020 2020 Q4 Q1 Q2 Q3 Q4 Q1 Q3 04 2020 23 Q4 43 Net exports of goods and services -645.2 -549.8 -5452 -736.1 -805.3 -925.8 -861.5 -788.0 -775.1 -1,019.0 -1,121.1 -8.2 -2 244.0 -102.1 43 44 Exports 2,126.4 2,515.7 2,438.7 1,7882 2,071.6 2,207.1 2,216.5 2,557.8 2,495.1 1,927.4 2,166.5 2,277.0 -330.1 239.1 110.5 44 45 Goods 1,417.6 1,629.1 1,599.0 1, 135.1 1,407.1 1,529.2 1,613.8 1,786.8 1,774.5 1,347.2 1,610.5 1,723.2 -168.7 263.4 112.7 45 46 Services 886.5 839.7 678.0 620.2 774.0 730.1 582.1 581.3 3 587.5 -147.4 -0.8 6.2 46 47 Imports 2,771.6 3,065.4 2,933.0 2,333.3 2,807.7 3,012.4 3,142.3 3,419.3 3,283.1 2,702.5 3,185.5 3,398.1 -321.9 483.1 212.6 47 48 Goods 2,308.7 2,460.7 2,377.9 1,927.8 2,375.2 2,553.8 2,746.4 2,872.2 2,786.5 2,348.0 2,827.3 3,023.8 -177.0 479.3 196.5 48 49 Services 463.0 604.8 555.1 405.5 432.5 458.6 420.4 546.5 502.5 372.1 39 393.3 413.6 -122.7 21.3 20.3 49 50 Goverment consumption expenditures and gross investment 3,830.2 3,805.3 3,834.1 3,839.3 3,816.6 3,830.8 3,340.1 3,337.5 3,347.9 3,368.7 3,327.2 3,316.8 36.3 -41.5 -10.4 50 51 Federal 1,484.5 1,447.9 1,452.6 1,504.8 1,487.0 1,493.6 1,332.9 1,301.1 1,306.1 1,356.8 1,335.1 1,333.3 55.6 -21.7 -1.8 51 National defense 885.6 874.7 873.8 876.5 887.7 904.6 807.8 797.1 796.5 804.0 810.3 820.3 27.6 6.3 10.0 52 Consumption expenditures 698.0 689.9 690.9 688.5 700.1 712.4 631.5 623.0 624.3 627.4 633.7 640.8 17.7 6.4 7.1 53 Gross investment 187.7 184 8 1828 188.0 187.7 192.2 176.9 174.8 172 8 177 4 177.3 180.3 10.1 -0.1 3.0 54 Nondefense 598.8 573.3 578.8 628.3 599.3 588.9 524.9 504.1 509.6 551.9 524.7 513.3 -27.2 -11.4 55 Consumption expenditures 144.7 423.8 427.1 479.7 440.9 431.1 384.6 366.8 370.5 415.8 381.0 |21.8 -34.8 -10.0 56 Gross investment 154.2 149.5 151.7 148.7 158.4 157.8 140.5 137.7 139.4 135.7 144.1 5.9 8.4 -1.3 57 58 State and local 2,345.7 2,357.4 2,381.6 2,334.5 2,329.6 2,337.2 2,007.9 2,035.6 2,041.0 2,013.1 1,993.1 1,984.5 -17.6 -20.1 -8.5 58 59 Consumption expenditures 1,894.5 1,918.8 1,928.0 1,885.0 1,881.2 1,884.0 1,623.4 1,659.2 1,653.1 1,627.6 1,612.2 1,600.7 -29.9 -15.4 -11.6 59 60 Gross investment 451.2 438.5 453.6 449.6 448.4 453.2 384.5 376.4 387.8 385.4 380.8 383.8 12.2 -4.6 3.0 60 61 Residua -100.6 -74.9 -62.5 66.3 -151.3 -122.2 .. .... ...".":| 61 Addenda 62 Gross domestic income (GDI) ' ..... 21,721.2 21,671.3 19,533.5 20,874.2. 19,230.7 19, 108.0 17,314.4 18,336.4 ......... 1,022.0 62 63 Average of GDP and GDI ........*..". 21,734.3 21,616.2 19,526.8 21,022.2 ....... 19,242.4 19,059.4 17,308.5 18,466.5 ...... 1,158.0 ...... 63 64 Final sales of domestic product 21,009.7 21,744.0 21,613.3 19,818.5 21, 171.1 21,436.1 18,471.4 19,226.6 19,049.0 17,540.5 18,580.0 18,715.9 -549.8 1,039.4 136.0 64 65 Gross domestic purchases 21,578.0 22,297.2 22,055.4 20,065.3 21,906.4 22,284.9 19,326.3 20,099.6 19,797.8 18,087.5 19,580.0 19,839.8 -654.7 1,492.5 259.9 65 66 Final sales to domestic purchasers 21,655.0 22,293.7 22,107.6 20,363.6 21,907.2 22,241.4 19,377.7 20,073.6 19,838.5 18,331.4 19,564.9 19,776.0 -533.3 1,233.5 211.1 66 67 Final sales to private domestic 17,824.7 18,488.4 18,273.4 16,524.3 18,090.6 18,410.6 16,037.6 16,740.6 16,493.4 14,956.2 16,239.0 16,462.0 -574.1 1,282.8 223.0 67 68 Gross domestic product 20,932.8 21,747.4 21,561.1 19,520.1 21,170.3 21,479.5 18,422.6 19,254.0 19,010.8 17,302.5 18,596.5 18,780.3 -669.1 1,294.0 183.8 68 69 Plus: Income receipts from the rest of the world ...".|1, 165.9 1,054.6 866.0 973.0 ........ ......".". 1,049.6 946.2 779.4 868.8 .... 89.3 .... ...' 69 70 Less: Income payments to the rest of the world 884.8 811.4 714.2 761.7 .............. 793.6 725.3 640.3 677.5 .... 37.2 ........ 70 71 Equals: Gross national product ....... 22,028.5 21,804.3 19,672.0 21,381.6 ....... 19,509.6 19,232.1 17,442.9 18,788.6. 1,345.7 72 Net domestic product 17,373.7 18,272.9 18,052.2 15,985.7 17,597.9 17,859.0 15,224.7 16,098.4 15,835.0 14, 118.9 15,392.3 15,552.7 -747.1 1,273.4 160 5 73 1. Real gross domestic income is gross domestic income deflated by the implicit price deflator for gross domestic product Note. Users are cautioned that particularly for components that exhibit rapid 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 growth rate of more aggregate series. For accurate estimates of the contributions to percent changes in real gross domestic product, use table 2. Source: U.S. Bureau of Economic Analysis - 12
