The following table contains the most recent household expenditure data from FRED*. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Using the data from FRED, compute the value for personal consumption expenditures for the first quarter of 2021. (Enter your response rounded to one decimal place.) Title Value $ 15,069.2 billion Personal Consumption Expenditures Personal Consumption Expenditures: Durable Goods Personal Consumption Expenditures: Nondurable Goods $1,938.577 billion $3,269.759 billion $1,049.521 billion $9,860.896 billion Private Residential Fixed Investment Personal Consumption Expenditures: Services According to these data, the share of total household expenditures devoted to goods is 34.6 percent. (Enter your response rounded to one decimal place.) From this result it may be concluded that, all else constant, any given reduction in household spending will be felt more significantly in the sector of the economy. service goods-producing

ENGR.ECONOMIC ANALYSIS
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Real-Time Data Analysis Exercise
The following table contains the most recent household expenditure data from FRED*.
*Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis.
Using the data from FRED, compute the value for personal consumption expenditures for the first quarter of 2021.
(Enter your response rounded to one decimal place.)
Title
Value
Personal Consumption Expenditures
$ 15,069.2 billion
$1,938.577 billion
Personal Consumption Expenditures: Durable Goods
Personal Consumption Expenditures: Nondurable Goods
$3,269.759 billion
$1,049.521 billion
$9,860.896 billion
Private Residential Fixed Investment
Personal Consumption Expenditures: Services
According to these data, the share of total household expenditures devoted to goods is 34.6 percent. (Enter your
response rounded to one decimal place.)
From this result it may be concluded that, all else constant, any given reduction in household spending will be felt
more significantly in the
sector of the economy.
service
goods-producing
Transcribed Image Text:Real-Time Data Analysis Exercise The following table contains the most recent household expenditure data from FRED*. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Using the data from FRED, compute the value for personal consumption expenditures for the first quarter of 2021. (Enter your response rounded to one decimal place.) Title Value Personal Consumption Expenditures $ 15,069.2 billion $1,938.577 billion Personal Consumption Expenditures: Durable Goods Personal Consumption Expenditures: Nondurable Goods $3,269.759 billion $1,049.521 billion $9,860.896 billion Private Residential Fixed Investment Personal Consumption Expenditures: Services According to these data, the share of total household expenditures devoted to goods is 34.6 percent. (Enter your response rounded to one decimal place.) From this result it may be concluded that, all else constant, any given reduction in household spending will be felt more significantly in the sector of the economy. service goods-producing
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