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 $ 15,069.2 billion $1,938.577 billion Personal Consumption Expenditures Personal Consumption Expenditures: Durable Goods Personal Consumption Expenditures: Nondurable Goods $3,269.759 billion Private Residential Fixed Investment $1,049.521 billion Personal Consumption Expenditures: Services $9,860.896 billion According to these data, the share of total household expenditures devoted to goods is percent. (Enter your response rounded to one decimal place.)

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 $ 15,069.2 billion $1,938.577 billion Personal Consumption Expenditures Personal Consumption Expenditures: Durable Goods Personal Consumption Expenditures: Nondurable Goods $3,269.759 billion Private Residential Fixed Investment $1,049.521 billion Personal Consumption Expenditures: Services $9,860.896 billion According to these data, the share of total household expenditures devoted to goods is percent. (Enter your response rounded to one decimal place.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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