a. Find the values for the most recent quarter for these four variables: (1) Personal Consumption Expenditures (PCEC); (2) Personal Consumption Expenditures: Durable Goods (PCDG): (3) Personal Consumption Expenditures: Nondurable Goods (PCND); and (4) Personal Consumption Expenditures: Services (PCESV).
b. What percentage of total household expenditures is devoted to the consumption of goods (both durable and nondurable goods)?
Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).