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Find data on GDP and its components and compute the percentage of GDP for the following components for 1950, 1980 and 2005:
Find data on GDP and its components and compute the percentage of GDP for the following components for 1950, 1980 and 2005:A) Personal consumption expendituresB) Gross private domestic investmentC) Government purchasesD) Net exportsE) National defense purchasesF) State and Local PurchasesG) ImportsTo find data for the problem, go to http://www.bea.doc.gov. In the Publications menu to the left click on Interactive Data. Select National Income and Product Accounts and then click on Frequently selected NIPA tables. Choose Table 1.1.5. Gross Domestic Product (A) (Q). Select the period (1930-2004) for which you want the data and make sure that you request annual data by clicking the respective box.
