component of GDP.ppt

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1、ComponentsofGDP2021/7/172WhatistheGDP?Themarketvalueofallfinalgoodsandservicesproducedwithinacountryinagivenperiodoftime.Tounderstandhowtheeconomicisusingitsscarceresources,economicareinterestedinstudyingthecompositionofGDP.GDP(Y)iscomposedoffourparts:Consumption(C)Investment(I)Government

2、purchases(G)Netexport(NX)Y=C+I+G+NXConsumption:spendingbyhouseholdsongoodsandservices,withtheexceptionofpurchasesofnewhousing.bicycleMobilephoneDurablegoodsNondurablegoodsclothingfruitfoodserviceseducationtravelInvestment:spendingoncapitalequipment,inventories,andstructures,includinghouse

3、holdpurchasesofnewhousingTheinvestmentisdifferentfromthefinancialinvestment.Notthestocks,bonds,andmutualfounds,justmeanspurchasesofinvestmentsgoods.CapitalequipmentbuildinginventoryGovernmentpurchases:spendingongoodsandservicesbylocal,state,andfederalgovernment.Itincludethesalariesofgover

4、nmentworkersandspendingonpublicsworkers.Notincludetransferpayment,suchasSocialsecuritybenefitsandunemploymentinsurancebenefitsNetexports:spendingondomesticallyproducedgoodsbyforeigners(exports),minusspendingonforeigngoodsbydomesticsresidents(imports)China'stotalimportandexportofgoodsStati

5、sticalannualExportImportNetexport201220489181782311.1201118986174351551.4201015779139481831200912017100561961200814286113312954.62007121809558.22621.720069690.77916.11774.6200576206601.21018.820045933.35612.332120034382.34127.6255.3200232562951.7304.3200126612435.5225.5200024922250.9241.1

6、TotalGDPfortheU.S.economicin2004Total(inbillionofdollars)PerPerson(indollars)PercentofTotalGDP$11,728$39,907100%Consumption$8,232$28,00970%Investment$1,922$6,53916%Governmentpurchases$2,184$7,43119%Netexport-$609-$2,072-5%