By looking at the data above : Gross Domestic Product, Private Final Consumption
ID: 1223617 • Letter: B
Question
By looking at the data above : Gross Domestic Product, Private Final Consumption Expenditure in the US, and Personal Consumption Expenditures: Non Durable Goods from 2003-2013.
1. What are the changing patterns amongst Gross Domestic ProductPrivate Final Consumption Expenditure in the US, Personal Consumption Expenditures: Non Durable Goods from 2003-2013.
2. What behaviors can we predict by looking at the data?
3. Describe inflation by looking at the data. Explain.
4. What are the short term and long term impact on variables?
5. Describe the economic performance on Aggregate Demand side
FRED Gross Domestic Product Private Final Consumption Expenditure in United States© Personal Consumption Expenditures: Nondurable Goods 18,000 1 6,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 fred.stlouisfed.org myf.red/g/5f6JExplanation / Answer
1. the buying and utilization of non durable goods is listing study growth in US for the last 10 years.
2. with the data we can say that the private investment and GDP are growing with the same proportion and in a steady move.
3. the GDP and inflation rates both declined in 2009 but in later and before years it was in steady way
4. the demand for variables has been increasing in both and short term also.
5. the economy is doing good if we take base as aggregade demand.
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