GDP Analysis
Quarterly Gross Domestic Product (GDP) Analysis
Of The USA
Year: 2008 to 2010
Submitted To: Professor Chandrasekar
Submitted By: Anuj Majmudar (0905860)
Subject:
Macro-Economics
GDP of 2008 Quarter 1
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.0 percent in the first quarter of 2008 (that is, from the fourth quarter to the first quarter), according to final estimates released by the Bureau of Economic
Analysis. In the fourth quarter, real GDP increased 0.6 percent.
The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) for services, exports of goods and services, and federal government spending that were partly offset by negative contributions from residential fixed investment and PCE for durable goods.
The small acceleration in real GDP primarily reflected an upturn in inventory investment that was partly offset by a deceleration in PCE.
Real personal consumption expenditures increased 1.1 percent in the first quarter, compared with an increase of 2.3 percent in the fourth.
Real residential fixed investment decreased 24.6 percent, compared with a decrease of 25.2 percent.
Real exports of goods and services increased 5.4 percent in the first quarter, compared with an increase of
6.5 percent in the fourth.
Real imports of goods and services decreased 0.7 percent, compared with a decrease of 1.4 percent.
Real final sales of domestic product -- GDP less change in private inventories -- increased 0.9 percent in the first quarter, compared with an increase of 2.4 percent in the fourth.
Estimates of Gross Domestic Product (GDP)
Particulars
Advanced
Year 2008
Preliminary
Quarter: 1
Final
Real GDP
0.6
0.9
1.0
Current Dollar GDP
3.2
3.5
3.7
Gross Domestic Purchase
Price Index
3.5
3.5
3.6
Of The USA
Year: 2008 to 2010
Submitted To: Professor Chandrasekar
Submitted By: Anuj Majmudar (0905860)
Subject:
Macro-Economics
GDP of 2008 Quarter 1
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.0 percent in the first quarter of 2008 (that is, from the fourth quarter to the first quarter), according to final estimates released by the Bureau of Economic
Analysis. In the fourth quarter, real GDP increased 0.6 percent.
The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) for services, exports of goods and services, and federal government spending that were partly offset by negative contributions from residential fixed investment and PCE for durable goods.
The small acceleration in real GDP primarily reflected an upturn in inventory investment that was partly offset by a deceleration in PCE.
Real personal consumption expenditures increased 1.1 percent in the first quarter, compared with an increase of 2.3 percent in the fourth.
Real residential fixed investment decreased 24.6 percent, compared with a decrease of 25.2 percent.
Real exports of goods and services increased 5.4 percent in the first quarter, compared with an increase of
6.5 percent in the fourth.
Real imports of goods and services decreased 0.7 percent, compared with a decrease of 1.4 percent.
Real final sales of domestic product -- GDP less change in private inventories -- increased 0.9 percent in the first quarter, compared with an increase of 2.4 percent in the fourth.
Estimates of Gross Domestic Product (GDP)
Particulars
Advanced
Year 2008
Preliminary
Quarter: 1
Final
Real GDP
0.6
0.9
1.0
Current Dollar GDP
3.2
3.5
3.7
Gross Domestic Purchase
Price Index
3.5
3.5
3.6
Bibliography: BEA. http://www.bea.gov/. 2008-2010. Graph. 20 March 2014. —. http://www.bea.gov/. 2008-2010. Line Diagram. 20 March 2014.