Principles of Macroeconomics homework

CONSUMPTION, INVESTMENT and GOVERNMENT STIMULUS (Data Set #2)

In Billions of Current Dollars unless otherwise noted

Source: Economic Report of the President to Congress, 2011; Appendix B, Department of Commerce [1]

Date Nominal Personal Gross Private Net Private

GDP Consumption Domestic Domestic

Investment Investment

2007 14,601.8 9,806.3 2,266.1 984.2

2008 14,369.1 10,104.5 2,137.8 743.0

2009 14,119.0 10,001.3 1,716.4 231.5

2010 14,660.2 10,351.9 1,752.8 464.2

Date Government Government Government Government Government

Expenditure Expenditure Savings Savings Debt (Federal)

(Federal) (State & Local) (Federal) (State & Local)

2006 $ 8,451.4

2007 2,674.2 1,697.9 -245.2 12.2 $ 8,950.7

2008 2,878.3 1,798.5 -616.2 -47.4 $ 9,986.1

2009 2,914.9 1,775.3 -1251.7 -20.1 $11,875.9

2010 3,002.3 1,788.0 -2,080.0 [2] not available $13,528.8

NET PRIVATE SAVINGS CONSUMER DEBT

Date Disposable Personal Personal Retained Outstanding Change from

Income Consumption Savings Earnings Debt Previous Year

2007 10,423.6 9,806.3 214.7 270.7 2,522.19 137.35

2008 10,952.9 10,104.5 447.9 156.7 2,561.12 38.92

2009 11,034.9 10,001.3 655.3 284.2 2,449.38 -111.73

2010 11,378.3 10,351.9 655.1 474.2 [3] 2,403.00 -46.40

Date Nominal Total Gross Population

GDP Savings & (in millions of people)

Investment

2007 14,601.8 2,013.6 302.00

2008 14,369.1 1,785.2 304.80

2009 14,119.0 1,533.8 307.44

2010 14,660.2 1,728.3 [3] 308.75

[1] Note that these data reported by the Department of Congress differ by ± 1% from the data reported by the Bureau of Economic Analysis and provided to you in Data Set #1

[2] US Treasury 4th quarter report; not included in the Economic Report of the President to Congress.

[3] Based on third quarter estimates