When you get to table 3, you will see your very first column of numbers. it will have 2021 as the title. THAT IS THE ONLY COLUMN TO LOOK AT.- ONLY LOOK AT THE VERY FIRST COLUMN UNDER THE HEADING 2021 This is the total for GDP total is given in the left column Youll have to scroll down for the second part of the table.

so, GDP is made up of 4 components. - If we add up these 4 components, we get GDP.

1)personal consumption expenditure aka PCE

2)gross private domestic investment

3)Net exports of goods and services. Be careful- net exports will be negative(remember net exports is the exports-imports)

4) Government consumption expenditures and gross investment.

(To find the % that any value is of GDP divide that value by GDP and multiply by 100. For instance, if PCE is 8,000 and GDP is 10,000, than PCE is 8/10 x100 or 80% of GDP. Be sure to ask if you have questions about these calculations) Show your calculations in terms of how you got your answers.

What is the release date of the report you are using?

What was the current dollar value of GDP for last year?

What was the current dollar value of personal consumption last year?

What percentage of GDP was Personal Consumption Expenditure (PCE) last year?

What percentage of GDP was Gross Private Domestic Investment last year?

What percentage of GDP was government spending (Government Consumption Expenditures and Gross Investment) last year?

What percentage of GDP was Net Exports last year?

What is the sum of these percentages? Do you think that is correct? Why? Do any of these percentages surprise you? Which ones?

April 28,2022 1. Real gross domestic income is gross domestic income deflated by the implicit price defator for gross domestic product. 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 April 28,2022 1. Real gross domestic income is gross domestic income deflated by the implicit price defator for gross domestic product. 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