Describe the graph? Which is the largest component? Which component is negative?

Question

Describe the graph? Which is the largest component? Which component is negative? ? fred stlouisfed.org htps //bb FRED. Economic Data Information Services Publications Working Papers Economists Categories >National Accounts> National Income & Product Accounts> GDP/GNP FRED Graph About Y I SY 1 10Y 1 Max 1960-01-01 to 2018 FRED-d-Real Gross Domestic Produc Expenditures -Real Personal Consumption -Real Gross Private Domestic investment (DISCONTINUED) nment Consumption Expenditures and Gross Investment (DISCONTINUED) -Net Exports of Goods and Services 16,000 12,000 8000 Source: U.S Bureau of Economic Ar Share Unks Account Tools& NOTES Real Gross Domestic Product (GDPC1) 2 3 6 9 0 0

Explanation / Answer

Describe the graph?

The graph above is a line graph showing how the above mentioned 5 factors are related. 5 factors namely:

Looking at the graph we can interpret that there are mainly two factors or components that have increased with an increasing rate over the years, from 1960-2015, those are, Real GDP and Real Private Consumption Expenditure. These have increased over the years with just small fluctuations up and down.

Talking about Real Gross Private Domestic Investment, we can conclude that this component has increased with a steady rate over the years and then is discontinued in year 2015. Real Government Consumption expenditures and Gross Investment has also increased over the years with fluctuations in its levels.

However, Net Export of Goods and Services is one component that started with the level 0 in 1960, and has been going down since then.

Which is the largest component?

The largest component is Real Gross Domestic Product, because this is only component that is going up 18,000 billions of dollars, highest among the rest.

Which component is negative?

Net Exports of Goods and Services is the negative components, because it has been falling below the X axis starting from 1960.

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