# Tag Info

0

Assuming 1432195178668.32 was the last value in Q4 2018 you got, just calculate 1432195178668.32 * (1.005) to get the 2019 Q1 Value, save the value. Then take 2019 Q1 * (1.006) to get the next value etc. Easy to do via R or Excel. Basically if you had an increase x just multiply by (1+x) where x is in decimals, so a change of -0.75 % becomes * (1 - 0.0075) ...

3

Using the income approach, GDP is the sum of compensation of employees, gross operating surplus, gross mixed income, and taxes less subsidies on production and imports. Gross operating surplus includes not only corporate profits but also increases in inventory valuation. In the above example, using the income approach, the 15 sold cars will reflect under ...

1

If GDP is measured (as it usually is) for a period such as a year, then number of hours worked ($h$) should be measured for the same period. Thus $h$ is dimensionless and the dimension of the right hand side is also value / time.

4

The table you are looking at is a GDP expenditure measure. But this ignores the fact that services are involved in the costs of goods purchased, and that goods are involved in the cost of services purchased. For example, if you buy a cake in a supermarket, the price reflects not just the food manufacturing industry, but also agriculture, transportation, ...

1

The \$9,633.9 billion figure from the BEA is just the services consumed by private households in the US. Among the goods and services consumed by private households in the US, \$9,633.9 billion comes from services while \\$4,364.8 comes from goods: in other words, around 69% comes from services. But that doesn't account for private investment, government ...

Top 50 recent answers are included