Answer to Question #286570 in Macroeconomics for Bedilu

Question

Find a data on GDP and its components,and compute the percentage of GDP for the following components for the years 1950,1975,and 2000.

A. Personal consumption expenditure

B. Growth private domestic investment

C. Government purchases

D. Net exports

E. National defence purchases

F. State and local purchases

G. Imports

Answer 1

let's present the data by parts of GDP and find the percentages

GDP = final consumption + gross capital accumulation (investments in a firm, that is, the purchase of machines, equipment, stocks, production sites) + government spending + net exports (export - import; can be both positive and negative).