Compute real GDP economic growth.
Given a table of data comprising real GDP and its components over a number of years, compute compound annual percentage changes in real GDP (economic growth) and compute the shares in real GDP of consumption, investment, government spending, exports and imports. Elucidate changes in economic growth also in the component shares.
| |
2005 |
2006 |
2007 |
| Gross Domestic Product |
10,989.50 |
11,294.80 |
11,523.90 |
| Personal consumption expenditure |
7,791.70 |
8,029.00 |
8,252.80 |
| Gross private domestic investment |
1,873.50 |
1,912.50 |
1,809.70 |
| Net exports of goods and services |
-616.60 |
-615.70 |
-546.50 |
| Government consumption expenditures and gross investment |
1,939.00 |
1,971.20 |
2,012.10 |