Week 7 Assignment - Macroeconomics Case Study

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Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of chained (2012) dollars] Seasonally adjusted at annual rates
Bureau of Economic Analysis
Last Revised on: November 24, 2021 - Next Release Date December 22, 2021
Line 2019 2020 2021
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
1 Gross domestic product 18833.2 18982.5 19112.7 19202.3 18952 17258.2 18560.8 18767.8 19055.7 19368.3 19469.4
2 Personal consumption expenditures 12975.1 13088.8 13192.3 13249 13014.5 11756.4 12820.8 12927.9 13282.7 13665.6 13723.7
3 Goods 4630.6 4709.1 4765.5 4786.9 4790.2 4665.8 5158.9 5155 5476.6 5646.7 5524.1
4 Durable goods 1693.6 1737.5 1773.1 1794.7 1738.3 1731.8 2030.6 2036.4 2253.5 2316.2 2159.5
5 Nondurable goods 2948.7 2985.4 3008.2 3010.1 3061.8 2949.1 3159.9 3151.1 3269.3 3377.2 3398.8
6 Services 8377.8 8420.2 8471 8505.9 8284.4 7217.3 7815.2 7917 7993.4 8214.3 8365.8
7 Gross private domestic investment 3503.4 3526 3535.9 3477.1 3430.1 2901.9 3371 3561.9 3541.3 3506 3603.7
8 Fixed investment 3372.8 3423.2 3449.3 3439.9 3419.6 3123 3318.5 3456.6 3564.1 3593 3582.9
9 Nonresidential 2780.7 2826 2846.5 2834.7 2775.5 2535.7 2646.9 2726.2 2810.4 2873.1 2884.1
10 Structures 544.7 563.2 582 570 568.8 485.8 466 456.1 462.1 458.6 452.7
11 Equipment 1265.2 1273.1 1256.4 1240.6 1168.3 1044 1166.6 1237.1 1278.5 1315.7 1307.8
12 Intellectual property products 978.5 995.7 1010.5 1027.1 1036.6 1008 1027.7 1053 1091.9 1124.6 1149.9
13 Residential 599.1 605.2 610.6 612.2 641.2 584.9 657.8 708.2 730.6 708.2 693.1
14 Change in private inventories 131.7 84.3 68.3 16.3 -30.4 -252.8 25.3 88.8 -88.3 -168.5 -73.2
15 Net exports of goods and services -906.7 -935.3 -931.5 -847.6 -841.9 -774.8 -1021.3 -1132.8 -1226.1 -1244.5 -1312.2
16 Exports 2565.3 2551.3 2545.9 2553.3 2442.1 1943 2166.3 2279 2262.3 2304.2 2286.5
17 Goods 1804.6 1781.1 1786 1782.5 1760.9 1354.5 1608.7 1703.1 1696.9 1723.5 1697.9
18 Services 766.6 773.5 764.7 773.7 695.3 588.8 581.4 603.4 594.1 609 614.6
19 Imports 3472 3486.6 3477.4 3400.9 3283.9 2717.7 3187.5 3411.8 3488.4 3548.7 3598.7
20 Goods 2938.6 2938.6 2927.3 2853.9 2799 2363.3 2823.3 3015.4 3092.7 3125.5 3125
21 Services 539.1 551.2 552.3 547 494.1 372.7 397.7 430.7 433 456.6 498
22 Government consumption expenditures and gross investment 3235.2 3274.9 3291.7 3316.3 3346.3 3378.1 3360.2 3356 3390.9 3373.8 3381.3
23 Federal 1248.7 1275.5 1286.8 1298 1305.8 1368.4 1349.6 1338.8 1375.2 1356.7 1339.9
24 National defense 765.4 773.4 781.9 793.4 791.9 798.2 801.6 812 799.9 797.8 794.6
25 Nondefense 483.5 501.9 504.7 504.7 513.7 568.6 547 526.7 573.7 557.7 544.3
26 State and local 1985.4 1998.7 2004.3 2017.6 2039.7 2011 2011.4 2017.6 2017.1 2017.9 2041.1
27 Residual -33.8 -20.7 -29.3 -45.4 -25.5 -95.1 -117.5 -96.7 -91.5 -101.7 -54.9
Legend / Footnotes:
Note. Chained (2012) dollar series are calculated as the product of the chain-type quantity index and the 2012 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines.