29. Using quarterly data [check instructions for the correct table], the second quarter of 2020 level of GDP in current (nominal) dollars is $________ billion 30. Using quarterly data [check instructions for the correct table], the second quarter of 2020 level of GDP in constant (real) dollars is $ _________ billion.
29. Using quarterly data [check instructions for the correct table], the second quarter of 2020 level of GDP in current (nominal) dollars is $________ billion 30. Using quarterly data [check instructions for the correct table], the second quarter of 2020 level of GDP in constant (real) dollars is $ _________ billion.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
29. Using quarterly data [check instructions for the correct table], the second quarter of 2020 level of GDP in current (nominal) dollars is $________ billion
30. Using quarterly data [check instructions for the correct table], the second quarter of 2020 level of GDP in constant (real) dollars is $ _________ billion.
![Table 1.1.7. Percent Change From Preceding Period in Prices for Gross Domestic Product
[Percent] Seasonally adjusted at annual rates
Last Revised on: September 28, 2023 - Next Release Date October 26, 2023
Line
1
Gross domestic product
2 Personal consumption expenditures
3
Goods
4
5
6
Services
7 Gross private domestic investment
8
9
9
10
27
Durable goods
Nondurable goods
10
11
12
13
Residential
14
Change in private inventories
15 Net exports of goods and services
16
Exports
17
18
19
20
21
22 Government consumption expenditures and gross investment
23
Federal
24
25
26
28
29
11
12
13
14
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Goods
Services
Imports
Goods
Services
National defense
Nondefense
State and local
Addenda:
Gross national product
Implicit price deflators:
1
Gross domestic product
2 Personal consumption expenditures
3
Goods
4
5
6
Services
7 Gross private domestic investment
8
Durable goods
Nondurable goods
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
15 Net exports of goods and services
16
Exports
17
18
19
20
Goods
Services
[Billions of chained (2017) dollars] Seasonally adjusted at annual rates
Last Revised on: September 28, 2023 - Next Release Date October 26, 2023
Line
Imports
Goods
Services
21
22 Government consumption expenditures and gross investment
23
Federal
24
25
26
27 Residual
2020
Q1
Gross domestic product1
Gross national product1
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
National defense
Nondefense
1.8
1.3
-1.2
-1.1
-1.2
2.5
1.8
1.5
1.2
2.7
0.7
1.1
2.4
State and local
-1.7
-4.0
3.0
-1.1
-1.7
1.7
3.7
1.3
0.9
1.8
5.3
1.8
1.9
1.9
1
2020
Q2
-1.4
-1.7
-5.8
-3.0
-7.1
0.3
0.5
1.5
1.7
-1.5
0.1
5.3
1.1
-17.8
-22.1
-9.5
-12.4
-13.9
-4.7
-0.5
0.1
-1.1
1.7
-0.8
833.5
560.3
2,298.0
-0.4
-1.4
-1.6
-1.6
2020
Q3
3.6
3.3
4.1
4.5
3.9
3.0
3.0
2.0
in
-0.2
-0.5
-1.5
1.4
9.4
13.0
15.9
8.0
8.7
9.5
4.9
3.9
2.3
3.0
1.5
4.9
3.6
3.6
3.6
2020
Q4
2.8
2.0
1.3
2.5
0.6
2.4
2.6
2.5
1.2
-1.3
-1.7
5.3
6.6
6.4
7.1
5.2
3.1
2.8
4.9
4.3
2.9
2.7
3.2
5.1
2.8
2.8
2.8
2020
2020
2020
2020
Q1
Q2
Q3
Q4
20,665.6 19,034.8
20,511.8
20,724.1
13,862.3 12,668.7 13,793.9 13,982.9
4,551.8
4,450.2
4,939.2
4,978.3
1,531.7
1,530.9
1,822.1
1,847.5
3,019.0
2,919.8
3,122.8
3,136.7
9,313.6
8,240.0 8,884.4
9,032.2
3,735.1
3,853.1
3,676.6 3,145.2
3,708.2
2,912.0
3,633.6
3,764.7
3,414.0
2,676.9 2,791.6
2,862.0
647.7
570.1
556.9
559.0
1,147.7
1,018.5
1,128.7
1,170.4
1,114.3
1,086.8
1,107.6
1,135.2
796.8
737.3
837.0
893.9
-36.8
-274.1
105.7
85.7
-562.0
-553.0
-729.6
-809.1
2,371.4
1,868.2 2,107.6 2,232.1
1,598.4
1,454.0
1,545.1
1,212.8
653.4
774.9
657.8
691.3
2,933.5 2,421.1
2,837.2
3,041.2
2,397.6
2,024.4
535.6
398.9
3,691.9 3,768.9
2,420.9 2,589.2
421.8
457.3
3,709.7 3,691.5
1,438.1
1,393.8
1,493.5
1,445.2
835.3
834.5
852.0
657.9
610.6
586.1
2,277.1 2,265.5 2,254.5
-7.9
-33.1
-19.0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fd71a05-cce6-42ce-8872-636d0d92cbc9%2F48c85127-bc52-4709-bac1-151062c9932a%2Fle54wj7_processed.png&w=3840&q=75)
Transcribed Image Text:Table 1.1.7. Percent Change From Preceding Period in Prices for Gross Domestic Product
[Percent] Seasonally adjusted at annual rates
Last Revised on: September 28, 2023 - Next Release Date October 26, 2023
Line
1
Gross domestic product
2 Personal consumption expenditures
3
Goods
4
5
6
Services
7 Gross private domestic investment
8
9
9
10
27
Durable goods
Nondurable goods
10
11
12
13
Residential
14
Change in private inventories
15 Net exports of goods and services
16
Exports
17
18
19
20
21
22 Government consumption expenditures and gross investment
23
Federal
24
25
26
28
29
11
12
13
14
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Goods
Services
Imports
Goods
Services
National defense
Nondefense
State and local
Addenda:
Gross national product
Implicit price deflators:
1
Gross domestic product
2 Personal consumption expenditures
3
Goods
4
5
6
Services
7 Gross private domestic investment
8
Durable goods
Nondurable goods
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
15 Net exports of goods and services
16
Exports
17
18
19
20
Goods
Services
[Billions of chained (2017) dollars] Seasonally adjusted at annual rates
Last Revised on: September 28, 2023 - Next Release Date October 26, 2023
Line
Imports
Goods
Services
21
22 Government consumption expenditures and gross investment
23
Federal
24
25
26
27 Residual
2020
Q1
Gross domestic product1
Gross national product1
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
National defense
Nondefense
1.8
1.3
-1.2
-1.1
-1.2
2.5
1.8
1.5
1.2
2.7
0.7
1.1
2.4
State and local
-1.7
-4.0
3.0
-1.1
-1.7
1.7
3.7
1.3
0.9
1.8
5.3
1.8
1.9
1.9
1
2020
Q2
-1.4
-1.7
-5.8
-3.0
-7.1
0.3
0.5
1.5
1.7
-1.5
0.1
5.3
1.1
-17.8
-22.1
-9.5
-12.4
-13.9
-4.7
-0.5
0.1
-1.1
1.7
-0.8
833.5
560.3
2,298.0
-0.4
-1.4
-1.6
-1.6
2020
Q3
3.6
3.3
4.1
4.5
3.9
3.0
3.0
2.0
in
-0.2
-0.5
-1.5
1.4
9.4
13.0
15.9
8.0
8.7
9.5
4.9
3.9
2.3
3.0
1.5
4.9
3.6
3.6
3.6
2020
Q4
2.8
2.0
1.3
2.5
0.6
2.4
2.6
2.5
1.2
-1.3
-1.7
5.3
6.6
6.4
7.1
5.2
3.1
2.8
4.9
4.3
2.9
2.7
3.2
5.1
2.8
2.8
2.8
2020
2020
2020
2020
Q1
Q2
Q3
Q4
20,665.6 19,034.8
20,511.8
20,724.1
13,862.3 12,668.7 13,793.9 13,982.9
4,551.8
4,450.2
4,939.2
4,978.3
1,531.7
1,530.9
1,822.1
1,847.5
3,019.0
2,919.8
3,122.8
3,136.7
9,313.6
8,240.0 8,884.4
9,032.2
3,735.1
3,853.1
3,676.6 3,145.2
3,708.2
2,912.0
3,633.6
3,764.7
3,414.0
2,676.9 2,791.6
2,862.0
647.7
570.1
556.9
559.0
1,147.7
1,018.5
1,128.7
1,170.4
1,114.3
1,086.8
1,107.6
1,135.2
796.8
737.3
837.0
893.9
-36.8
-274.1
105.7
85.7
-562.0
-553.0
-729.6
-809.1
2,371.4
1,868.2 2,107.6 2,232.1
1,598.4
1,454.0
1,545.1
1,212.8
653.4
774.9
657.8
691.3
2,933.5 2,421.1
2,837.2
3,041.2
2,397.6
2,024.4
535.6
398.9
3,691.9 3,768.9
2,420.9 2,589.2
421.8
457.3
3,709.7 3,691.5
1,438.1
1,393.8
1,493.5
1,445.2
835.3
834.5
852.0
657.9
610.6
586.1
2,277.1 2,265.5 2,254.5
-7.9
-33.1
-19.0
![Table 1.1.5. Gross Domestic Product
[Billions of dollars] Seasonally adjusted at annual rates
Last Revised on: September 28, 2023 - Next Release Date October 26, 2023
Line
1
Gross domestic product
2 Personal consumption expenditures
3
Goods
4
5
6
Services
7 Gross private domestic investment
8
9
10
11
12
13
Residential
14
Change in private inventories
15 Net exports of goods and services
16
Exports
17
18
19
20
21
22 Government consumption expenditures and gross investment
23 Federal
24
25
26
Durable goods
Nondurable goods
Fixed investment
Nonresidential
Structures
Equipment
Intellectual
Goods
Services
Imports
Goods
Services
property products
National defense
Nondefense
State and local
2020
2020
2020
Q1
Q2
Q3
21,706.5 19,913.1
21,647.6
14,473.1 13,168.9 14,456.2
4,559.5
4,391.9 4,923.3
1,479.8 1,467.6 1,766.0
3,079.7 2,924.3 3,157.4
9,913.6 8,777.1
9,532.8
3,807.8 3,254.3 3,891.2
3,840.7
3,549.2 3,796.4
2,962.2
2,734.4 2,850.5
694.7
594.3
1,122.3
1,133.9
945.9
94.9
609.1
1,016.6
1,108.8
814.8
-295.0
-531.1
1,145.2
1,122.3
878.5
-33.0
-518.0
2,416.1
1,811.4
1,598.7
1,139.0
817.4
672.3
2,934.1 2,342.5
2,377.1 1,932.8
557.0
409.6
3,943.7
1,464.7
4,021.1
1,569.8
876.0
875.6
588.7
694.2
2,478.9 2,451.3
2020
Q4
3,996.0
1,527.7
881.1
646.6
2,468.3
22,024.5
14,726.7
4,977.8
1,802.2
3,175.6
9,748.8
4,040.2
3,957.4
2,930.7
594.6
1,158.9
1,177.1
1,026.7
82.8
-695.7
-760.7
2,106.6 2,266.4
1,416.7
1,532.2
689.9
734.2
2,802.3
3,027.1
2,364.1
2,546.4
438.3
480.7
4,018.3
1,531.4
905.8
625.7
2,486.9](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fd71a05-cce6-42ce-8872-636d0d92cbc9%2F48c85127-bc52-4709-bac1-151062c9932a%2Fhlkjlb_processed.png&w=3840&q=75)
Transcribed Image Text:Table 1.1.5. Gross Domestic Product
[Billions of dollars] Seasonally adjusted at annual rates
Last Revised on: September 28, 2023 - Next Release Date October 26, 2023
Line
1
Gross domestic product
2 Personal consumption expenditures
3
Goods
4
5
6
Services
7 Gross private domestic investment
8
9
10
11
12
13
Residential
14
Change in private inventories
15 Net exports of goods and services
16
Exports
17
18
19
20
21
22 Government consumption expenditures and gross investment
23 Federal
24
25
26
Durable goods
Nondurable goods
Fixed investment
Nonresidential
Structures
Equipment
Intellectual
Goods
Services
Imports
Goods
Services
property products
National defense
Nondefense
State and local
2020
2020
2020
Q1
Q2
Q3
21,706.5 19,913.1
21,647.6
14,473.1 13,168.9 14,456.2
4,559.5
4,391.9 4,923.3
1,479.8 1,467.6 1,766.0
3,079.7 2,924.3 3,157.4
9,913.6 8,777.1
9,532.8
3,807.8 3,254.3 3,891.2
3,840.7
3,549.2 3,796.4
2,962.2
2,734.4 2,850.5
694.7
594.3
1,122.3
1,133.9
945.9
94.9
609.1
1,016.6
1,108.8
814.8
-295.0
-531.1
1,145.2
1,122.3
878.5
-33.0
-518.0
2,416.1
1,811.4
1,598.7
1,139.0
817.4
672.3
2,934.1 2,342.5
2,377.1 1,932.8
557.0
409.6
3,943.7
1,464.7
4,021.1
1,569.8
876.0
875.6
588.7
694.2
2,478.9 2,451.3
2020
Q4
3,996.0
1,527.7
881.1
646.6
2,468.3
22,024.5
14,726.7
4,977.8
1,802.2
3,175.6
9,748.8
4,040.2
3,957.4
2,930.7
594.6
1,158.9
1,177.1
1,026.7
82.8
-695.7
-760.7
2,106.6 2,266.4
1,416.7
1,532.2
689.9
734.2
2,802.3
3,027.1
2,364.1
2,546.4
438.3
480.7
4,018.3
1,531.4
905.8
625.7
2,486.9
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