Problem: Given these figures (see below), how to calculate the compounded annual rate of growth for the third quarter (2 decimal places I suppose) for:
|
|
2003: Q2 |
2003: Q3 |
| Real GDP |
|
9,629.40 |
9,797.20 |
| Personal consumption expenditures |
|
6,733.90 |
6,842.10 |
| Gross private domestic investment |
|
1,608.30 |
1,644.50 |
| Change in business inventories |
(17.60) |
(35.80) |
| Government consumption and inventories |
1,772.60 |
1,778.30 |
| Net Exports |
|
(546.10) |
(522.60) |
| Final Sales of domestic products |
|
9,631.10 |
9,814.70 |
| Gross Domestic product |
|
10,129.40 |
10,277.50 |
| Final Sales to domestic purchasers |
|
10,131.00 |
10,294.90 |
1) Real GDP
2) Final sales
3) Gross domestic purchases
4) FSDP
5) Is GDP due to strong US demand, or other factors?
6) What percentage contribution did change in business inventories have on Real GDP growth??
7) What percentage contribution did net exports have on Real GDP growth?
8) If GDP in Q2, 2002 was $ 9392.4 billion, what is the compounded annualized rate of growth between Q2 2002 and Q3, 2003?