Question
Why was the nominal GDP greater than the real GDP? By how much? Nominal GDP Percentage Real GDP Percentage (%) (%) Gross domestic product (GDP)
- Why was the nominal GDP greater than the real GDP? By how much?
Nominal GDP Percentage Real GDP Percentage (%) (%)
Gross domestic product (GDP) 21,747.40 19,524.00
Personal consumption expenditures 14,759.20 68% 13,353.70 68%
Gross private domestic investment 3,732.60 17% 3,413.30 17%
Net exports of goods and services -549.8 -3% -861.5 -4% Government consumption
expenditures and gross investment 3,805.30 17% 3,337.50 17%
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
