Question: Most important parts of GDP

Discussion in 'Economics' started by Digs, Jul 25, 2008.

  1. Digs


    What are they ?

    I found this lot, what else would you categorise a a must view of the GDP calc ??

    Real Nonresidential Investment
    - is this capital expenditure ???

    Real Personal Consumption Expenditures
    - Consumer spending, I assume

    Real Private Fixed Investment
    - dunno

    Real Private Residential Fixed Investment
    - Invest in Residential houses

    Final Sales
    - ???
  2. the consumer accounts for 72% of the US GDP. This has been increasing over time. i suspect imports will increase its %, but still won't be major (at 12% now).

    When the consumer shuts down, as is just starting now, the US is screwed. And then China, etc.