.Use the most recent "Selected NIPA Table" from the BEA website to locate Table 1.1.6 (Real Gross Domestic
Product). To locate this table, review Page 6 of the Outline Notes -- there is a video lesson showing you the steps
(although the video lesson shows March 2020 as the latest publication, the most recent publication is not March
2020, you'll have to search the BEA site for the most recent version).
Using Table 1.1.6 Real Gross Domestic Product, Chained Dollars, for the year 2020 answer the following
questions (Round to the nearest whole number):
2. What is the Real Gross Domestic Product? ____________________
3. What percentage is Consumption of RGDP? ____________________
Helpful Tip: To get the Consumption percentage of RGDP, you need both Consumption and RGDP
figures.
Example: Consumption percentage of RGDP =
x 100
4. What percentage is Investment of RGDP? ____________________
5. What percentage is Government Expenditure of RGDP? ____________________
6. What percentage are exports of RGDP? ____________________
7. What percentage are imports of RGDP? ____________________
8. Why is Net Exports of Goods and Services a negative number?
9. Which is the largest component of total expenditures in the United States (Net Exports,
Consumption, Government Purchases, Gross Investment)? _____________________________