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y definition, GDP = C + G + I + X - M, where C is personal consumption, G government expenditures, I investments, X exports,
y definition, GDP = C + G + I + X - M, where C is personal consumption, G government expenditures, I investments, X exports, and M imports. In the table below, you can find an example of USA GDP in 2018 divided by its components.
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By definition, GDP = C + G + 1 + X - M, where C is personal consumption, G government expenditures, I investments, X exports, and M imports. In the table below, you can find an example of USA GDP in 2018 divided by its components. USA (2018) Nominal GDP Real GDP In billions USD As % of GDP In billions USD As % of GDP C 13,952 68% 12,891 70% 3,652 18% 3,387 18% G 3,522 17% 3,177 17% X 2,531 12% 2,547 14% M 3,156 15% 3,461 19% GDP 20,501 100% 18,541 100% Definitions. Nominal GDP 2018: computed for current prices (2018). Real GDP 2018: computed for prices from 2012 (i.e., 2012 is the base year). Source. "Gross Domestic Product, Fourth Quarter and Annual 2018 (Initial Estimate)" by the U.S. Bureau of Economic Analysis. Downloaded from: https://www.bea.gov/data/gdp/gross-domestic-product. Methodology. I downloaded the Excel file gap4q18_ini_0 and used data from Table 3. "Gross Domestic Product: Level and Change From Preceding Period."Step by Step Solution
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