Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
100%
From Table 1.1.6 (Chained Dollars), what was
![Bureau of Economic Analysis
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of chained (2012) dollars]
Last Revised on: October 26, 2018 - Next Release Date November 28, 2018
Line
Line
1
Gross domestic product
2 Personal consumption expenditures
3
Goods
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
22 Government consumption expenditures and gross investment
23
Federal
24
25
26
27
National defense
Nondefense
State and local
Residual
2000
---
1
2001
2,346.7 2,214.6
---
---
---
-50.0
---
1,379.5 1,299.7
---
7,282.1
2,362.1
2,317.8
1,935.4
424.1
886.2
624.8
572.4
588.1
382.5
13,131.0 13,262.1 13,493.1 13,879.1 14,406.4 14,912.5 15,338.3 15,626.0 15,604.7 15,208.8 15,598.8 15,840.7
8,643.4 8,861.1 9,088.7 9,377.5 9,729.3 10,075.9 10,384.5 10,615.3 10,592.8 10,460.0 10,643.0 10,843.8
2,947.6 3,092.0 3,250.0 3,384.7 3,509.7 3.607.6 3,498.9 3,389.8 3,485.7 3,561.8
820.2
879.3 952.1 1,004.9 1,049.3 1,099.7 1,036.4 973.0 1,027.3 1,079.7
2,157.5 2,233.6 2,306.5 2,383.4 2,461.6 2,503.4 2,463.9 2,423.1 2,461.3 2,482.9
6,151.1 6,289.4 6,479.2 6,689.5 6,871.7 7,003.6 7,093.0 7,070.1 7,157.4
2,195.5 2,290.4 2,502.6 2,670.6 2,752.4 2,684.1 2,462.9 1,942.0 2,216.5
2,183.4 2,280.6 2,440.7 2,618.7 2,686.8 2,653.5
2,164.2
2,499.4 2,099.8
1,472.7 1,509.4 1,594.0 1,716.4 1,854.2 1,982.1 1,994.2 1,704.3 1,781.0
473.5 456.6 456.3 466.1
501.7 568.6 605.4 492.2 412.8
607.8 634.3 688.6 760.0 832.6 865.8 824.4 649.7 781.2
421.5 437.7 459.2 493.1 521.5 554.3 575.3
692.6 755.5 830.9 885.4 818.9 665.8 504.6 395.3 383.0
24.3
19.9
82.6 63.7 87.1 40.6 -32.7 -177.3 57.3 46.7
-667.3 -735.0 -841.4 -887.8 -905.0 -823.6 -661.6 -484.8 -565.9 -568.1
1,277.1 1,305.0 1,431.2 1,533.2 1,676.4 1,822.3 1,925.4 1,763.8 1,977.9 2,119.0
900.6 927.1 1,008.3 1,085.4 1,193.0 1,276.1 1,350.4 1,190.3 1,368.7 1,465.3
376.5 377.8 422.8 447.6 483.3 546.0 574.7
572.9 609.2 653.8
1,944.4 2,040.1 2,272.6 2,421.0 2,581.5 2,646.0 2,587.1 2,248.6 2,543.8 2,687.1
1,634.0 1,729.0 1,926.8 2,062.3 2,190.9 2,236.0 2,160.8
1,830.1 2,112.7 2,242.5
309.4
310.5 345.2 358.6
390.2 409.2 425.2 415.9 430.8
444.6
2,663.0 2,762.3 2,885.2 2,947.2 2,992.7 3,015.5 3,063.5 3,118.6 3,195.6 3,307.3 3,307.2 3,203.3
969.6 1,032.7 1,077.5 1,099.1 1,125.0 1,147.0 1,218.8 1,293.0 1,346.1 1,311.1
606.1
655.6 692.7 708.6 719.8 740.3 791.5 836.7 861.3 842.9
363.1 377.1 384.8 390.6 405.3 406.7 427.3 456.3 484.8 468.3
1,927.6 1,922.2 1,920.1 1,920.1
1,978.7
1,941.6 1,974.7
2,015.6 1,961.3 1,892.2
-86.1 -47.5
-5.9 35.1 31.8 25.7 -2.4 -15.5 -11.3
-3.7
1,930.3 1,876.2
---
---
---
2002
53.8
2003
2004
2005
2006
2007
2008
2009
2010
2011](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7c579115-4e64-41e3-bf5a-1a5068f38860%2Faeeb77a9-6f5f-4577-ae63-e81c746afaa2%2F7j3ce3g_processed.png&w=3840&q=75)
Transcribed Image Text:Bureau of Economic Analysis
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of chained (2012) dollars]
Last Revised on: October 26, 2018 - Next Release Date November 28, 2018
Line
Line
1
Gross domestic product
2 Personal consumption expenditures
3
Goods
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Equipment
Intellectual property products
Residential
Change in private inventories
Net exports of goods and services
Exports
Goods
Services
Imports
Goods
Services
22 Government consumption expenditures and gross investment
23
Federal
24
25
26
27
National defense
Nondefense
State and local
Residual
2000
---
1
2001
2,346.7 2,214.6
---
---
---
-50.0
---
1,379.5 1,299.7
---
7,282.1
2,362.1
2,317.8
1,935.4
424.1
886.2
624.8
572.4
588.1
382.5
13,131.0 13,262.1 13,493.1 13,879.1 14,406.4 14,912.5 15,338.3 15,626.0 15,604.7 15,208.8 15,598.8 15,840.7
8,643.4 8,861.1 9,088.7 9,377.5 9,729.3 10,075.9 10,384.5 10,615.3 10,592.8 10,460.0 10,643.0 10,843.8
2,947.6 3,092.0 3,250.0 3,384.7 3,509.7 3.607.6 3,498.9 3,389.8 3,485.7 3,561.8
820.2
879.3 952.1 1,004.9 1,049.3 1,099.7 1,036.4 973.0 1,027.3 1,079.7
2,157.5 2,233.6 2,306.5 2,383.4 2,461.6 2,503.4 2,463.9 2,423.1 2,461.3 2,482.9
6,151.1 6,289.4 6,479.2 6,689.5 6,871.7 7,003.6 7,093.0 7,070.1 7,157.4
2,195.5 2,290.4 2,502.6 2,670.6 2,752.4 2,684.1 2,462.9 1,942.0 2,216.5
2,183.4 2,280.6 2,440.7 2,618.7 2,686.8 2,653.5
2,164.2
2,499.4 2,099.8
1,472.7 1,509.4 1,594.0 1,716.4 1,854.2 1,982.1 1,994.2 1,704.3 1,781.0
473.5 456.6 456.3 466.1
501.7 568.6 605.4 492.2 412.8
607.8 634.3 688.6 760.0 832.6 865.8 824.4 649.7 781.2
421.5 437.7 459.2 493.1 521.5 554.3 575.3
692.6 755.5 830.9 885.4 818.9 665.8 504.6 395.3 383.0
24.3
19.9
82.6 63.7 87.1 40.6 -32.7 -177.3 57.3 46.7
-667.3 -735.0 -841.4 -887.8 -905.0 -823.6 -661.6 -484.8 -565.9 -568.1
1,277.1 1,305.0 1,431.2 1,533.2 1,676.4 1,822.3 1,925.4 1,763.8 1,977.9 2,119.0
900.6 927.1 1,008.3 1,085.4 1,193.0 1,276.1 1,350.4 1,190.3 1,368.7 1,465.3
376.5 377.8 422.8 447.6 483.3 546.0 574.7
572.9 609.2 653.8
1,944.4 2,040.1 2,272.6 2,421.0 2,581.5 2,646.0 2,587.1 2,248.6 2,543.8 2,687.1
1,634.0 1,729.0 1,926.8 2,062.3 2,190.9 2,236.0 2,160.8
1,830.1 2,112.7 2,242.5
309.4
310.5 345.2 358.6
390.2 409.2 425.2 415.9 430.8
444.6
2,663.0 2,762.3 2,885.2 2,947.2 2,992.7 3,015.5 3,063.5 3,118.6 3,195.6 3,307.3 3,307.2 3,203.3
969.6 1,032.7 1,077.5 1,099.1 1,125.0 1,147.0 1,218.8 1,293.0 1,346.1 1,311.1
606.1
655.6 692.7 708.6 719.8 740.3 791.5 836.7 861.3 842.9
363.1 377.1 384.8 390.6 405.3 406.7 427.3 456.3 484.8 468.3
1,927.6 1,922.2 1,920.1 1,920.1
1,978.7
1,941.6 1,974.7
2,015.6 1,961.3 1,892.2
-86.1 -47.5
-5.9 35.1 31.8 25.7 -2.4 -15.5 -11.3
-3.7
1,930.3 1,876.2
---
---
---
2002
53.8
2003
2004
2005
2006
2007
2008
2009
2010
2011
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