Gross Domestic Product and Consumption Essays

Submitted By diansanj0612
Words: 351
Pages: 2

Tutorial 1 Problem 5

I. Real GDP: $1474680 million
Consumption: $789278 million
Investment: $357001 million

II. Consumption share of GDP: Consumption/Real GDP = $789278/$1474680
= 0.535
Investment share of GDP: Investment/Real GDP= $357001/$1474680
= 0.242
Therefore, consumption is greater than investment. The difference is household conduct consumption while firms hold investment. III. | C | I | Jun-2003 | 1.53 | 1.43 | Sep-2003 | 1.31 | -0.76 | Dec-2003 | 1.82 | 3.65 | Mar-2004 | 1.13 | 4.33 | Jun-2004 | 1.61 | 1.04 | Sep-2004 | 1.18 | -0.43 | Dec-2004 | 0.88 | -0.09 | Mar-2005 | -0.20 | 3.03 | Jun-2005 | 1.48 | -0.07 | Sep-2005 | 0.76 | 4.62 | Dec-2005 | 0.36 | 2.63 | Mar-2006 | 0.70 | 1.74 | Jun-2006 | 1.02 | -0.02 | Sep-2006 | 0.88 | 2.13 | Dec-2006 | 1.24 | -1.52 | Mar-2007 | 2.15 | 1.30 | Jun-2007 | 0.96 | 6.29 | Sep-2007 | 1.28 | 2.09 | Dec-2007 | 1.50 | 1.42 | Mar-2008 | 0.54 | 0.22 | Jun-2008 | -0.50 | 3.31 | Sep-2008 | -0.37 | 1.11 | Dec-2008 | -0.08 | 0.79 | Mar-2009 | 0.14 | -1.34 | Jun-2009 | 0.73 | -1.67 | Sep-2009 | 0.31 | -1.09 | Dec-2009 | 1.00 | -2.06 | Mar-2010 | 0.16 | 3.34 | Jun-2010 | 1.37 | -2.77 | Sep-2010 | 0.94 | 2.56 | Dec-2010 | 0.94 | -0.14 | Mar-2011 | 0.69 | 1.90 | Jun-2011 | 0.87 | 4.42 | Sep-2011 | 0.69 | 1.24 | Dec-2011 | 0.50 | 7.37 | Mar-2012 | 1.49 | -0.18 | Jun-2012 | 0.75 | 4.19 | Sep-2012 | 0.29 | 0.98 | Dec-2012 | 0.40 | 3.60…