ECON 410 — Module B: GDP Accounting

Adjust each component and watch GDP update. Values in billions of dollars (B).

C — Household consumption$14,200B

I — Business fixed investment$2,800B

I — Residential investment$700B

I — Inventory change$100B

G — Federal gov't purchases$1,500B

G — State & local purchases$2,400B

X — Exports$3,100B

M — Imports$3,900B

C total

$14,200B

I total

$3,600B

G total

$3,900B

NX = X − M

-$800B

GDP (Y)

$20,900B

C share68%

I share17%

G share19%

|NX| share4%

Y = $14,200B + $3,600B + $3,900B − $800B = $20,900B

Transfer payments (Social Security, Medicare) are excluded from G — they do not represent purchases of new output.

For each transaction, choose the correct GDP component (C, I, G, NX) or mark it as Excluded. A new set is generated each time.

You are the BEA economist. Check which items should be included in GDP. Uncheck items that should be excluded.

Items included

GDP total

$0B

Items excluded