Question: 5. Find data on GDP and its components, and compute the percentage of GDP for the follow- ing components for 1950, 1980, and the

5. Find data on GDP and its components, and compute the percentage

5. Find data on GDP and its components, and compute the percentage of GDP for the follow- ing components for 1950, 1980, and the most recent year available. a. Personal consumption expenditures b. Gross private domestic investment c. Government purchases d. Net exports e. National defense purchases f. Imports Do you see any stable relationships in the data? Do you see any trends? (Hint: You can find the data at http://www.bea.gov, which is the Web site of the Bureau of Economic Analysis.)

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Answer The data on GDP and its components can be found in the World Banks World Development Indicators database a Personal consumption expenditures 19... View full answer

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