I am looking for some recent links that deal with USA's Gross Domestic
Product. What I'm looking for exactly are articles that deal with all
the components of GDP(expenditure approach). More specifically, the
majority of the links I need have to deal with the consumption aspect
of GDP(components and subcomponents). Basically, I'm looking for a few
links that deal with investment, government purchases, net exports and
ALOT of links that deal with consumption. Also, these links need to
provide me with data that I can then estimate the GDP for this
quarter. Thanks in advance!

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Request for Question Clarification by pafalafa-ga on 28 Oct 2004 05:07 PDT

There's plenty of detailed data available about the components of the
GDP, but I'm a little confused as to what you're after, exactly.

Are you looking for links that discuss the GDP in article format, or
are you looking for links to data about the GDP?  And in either case,
what types of information do you need?  And how many links would you
like to have?

The more you can clarify what you're after, the better the odds one of
the researchers here will be able to assist you.

Thanks.

pafalafa-ga

---

Request for Question Clarification by pafalafa-ga on 31 Oct 2004 06:09 PST

azmiy-ga,

Thanks for the additional information, but I'm still having a bit of a
problem figuring out what might be an appropriate answer to your
question.

For instance, there's a ton of links to data and articles at the
Federal Reserve site:


http://research.stlouisfed.org/fred2/categories/18



The title of the page is: Gross Domestic Product (GDP) and Components

and it includes a number of Categories:

GDP/GNP
Gov't Receipts, Expenditures & Investments
Imports & Exports
Industry
Personal Income & Outlays
Price Indexes & Deflators
Savings & Investment
 

Actual data series (there are 138 of them!) include:


Balance on Current Account, NIPA's  Bil. of $  Q  SAAR  2004-09-29  
Change in Private Inventories  Bil. of $  Q  SAAR  2004-10-29  
Compensation of Employees: Wages & Salary Accruals  Bil. of $  Q  SAAR
 2004-10-29
Corporate Business Capital Consumption Adjustment  Bil. of $  Q  SAAR  2004-10-29  
Corporate: Consumption of Fixed Capital  Bil. of $  Q  SAAR  2004-10-29  
Corporate Inventory Valuation Adjustment  Bil. of $  Q  SAAR  2004-09-29  
Corporate Net Cash Flow  Bil. of $  Q  SAAR  2004-09-29  
Corporate Profits After Tax with Inventory Valuation Adjustment (IVA)
and Capital Consumption Adjustment (CCAdj)  Bil. of $  Q  SAAR 
2004-09-29
Corporate Profits with Inventory Valuation Adjustment (IVA) and
Capital Consumption Adjustment (CCAdj)  Bil. of $  Q  SAAR  2004-09-29
Disposable Personal Income  Bil. of $  Q  SAAR  2004-10-29  
Disposable Personal Income  Bil. of $  M  SAAR  2004-09-30  
Exports of Goods & Services  Bil. of $  Q  SAAR  2004-10-29  
Federal Consumption Expenditures & Gross Investment  Bil. of $  Q 
SAAR  2004-10-29
Federal Government: Current Expenditures  Bil. of $  A  NA  2004-07-30  
Federal Government: Current Expenditures  Bil. of $  Q  SAAR  2004-10-29  
Federal Government Current Receipts  Bil. of $  Q  SAAR  2004-09-29  
Federal Government: Current Receipts  Bil. of $  A  NA  2004-07-30  
Federal Government Receipts: Contributions for Social Insurance  Bil.
of $  A  NA  2004-07-30
Federal Government: Tax Receipts on Corporate Income  Bil. of $  A  NA
 2004-07-30
Federal Grants-in-Aid to State & Local Governments  Bil. of $  A  NA  2004-07-30  
Federal Grants-in-Aid to State & Local Governments  Bil. of $  Q  SAAR
 2004-10-29
Federal National Defense Gross Investment  Bil. of $  Q  SAAR  2004-10-29  
Federal Nondefense Gross Investment  Bil. of $  Q  SAAR  2004-10-29  
Final Sales of Domestic Product  Bil. of $  Q  SAAR  2004-10-29  
Final Sales to Domestic Purchasers  Bil. of $  Q  SAAR  2004-10-29  
Fixed Private Investment  Bil. of $  Q  SAAR  2004-10-29  
Government Consumption Expenditures & Gross Investment  Bil. of $  Q 
SAAR  2004-10-29
Government Current Expenditures  Bil. of $  Q  SAAR  2004-10-29  
Government Current Receipts  Bil. of $  Q  SAAR  2004-09-29  
Gross Domestic Product, 1 Decimal  Bil. of $  Q  SAAR  2004-10-29  
Gross Domestic Product: Chain-type Price Index  Index 2000=100  Q  SA  2004-10-29  
Gross Domestic Product: Implicit Price Deflator  Index 2000=100  Q  SA
 2004-10-29
Gross Domestic Purchases  Bil. of $  Q  SAAR  2004-10-29  
Gross National Product  Bil. of $  Q  SAAR  2004-09-29  
Gross National Product: Chain-type Price Index  Index 2000=100  Q  SA  2004-08-27  
Gross National Product: Consumption of Fixed Capital  Bil. of $  Q 
SAAR  2004-10-29
Gross National Product: Implicit Price Deflator  Index 2000=100  Q  SA
 2004-08-27
Gross Private Domestic Investment  Bil. of $  Q  SAAR  2004-10-29  
Gross Private Domestic Investment: Chain-type Price Index  Index
2000=100  Q  SA  2004-10-29
Gross Private Saving  Bil. of $  Q  SAAR  2004-09-29  
Gross Saving  Bil. of $  Q  SAAR  2004-09-29  
Imports of Goods & Services  Bil. of $  Q  SAAR  2004-10-29  
National Defense Consumption Expenditures & Gross Investment  Bil. of
$  Q  SAAR  2004-10-29
National Income  Bil. of $  Q  SAAR  2004-09-29  
National Income: Compensation of Employees, Paid  Bil. of $  Q  NA  2004-10-29  
Net Corporate Dividends  Bil. of $  Q  SAAR  2004-10-29  
Net Exports of Goods & Services  Bil. of $  Q  SAAR  2004-10-29  
Net Federal Government Saving  Bil. of $  Q  SAAR  2004-09-29  
NET Federal Government Saving  Bil. of $  A  NA  2004-07-30  
Net Government Saving  Bil. of $  Q  SAAR  2004-09-29  
  

and so on....



So....are these the types of data you need?  If not this, then what? 
Let us know, and perhaps we'll be able to assist you.


Thanks.

pafalafa-ga

Ahh...now I understand!

Here are links to a number of articles and sites that should meet your
needs.  There's plenty of information out there, so I've tried to be a
bit judicious in my selections, staying with the most current
information, unless an older source of information seemed particularly
appropriate.

I've included some excerpts from the articles cited to give you their
flavor, but I cannot quote extensively from most of them, since they
are protected by copyright.

Before rating this answer, please let me know if you need any
additional information.  Just post a Request for Clarification, and
I'll be happy to assist you further.

All the best,

pafalafa-ga

==========

http://www.usatoday.com/money/economy/econ0025.htm

USA TODAY 
Gross Domestic Product components

The measure of the USA's output of goods and services is calculated by
the Commerce Department using the following items:

Personal consumption 
Government expenditures 
Private investment 
Inventory growth 
Trade balance 

==========


http://www.bls.gov/opub/mlr/1998/06/art3abs.htm

GDP components' contributions to U.S. economic growth
Bureau of Labor Statistics

Rebasing GDP and its components on chained 2001 dollars enhances the
role of services as a contributor to economic growth, while
diminishing the significance of private investment. Only minor effects
are seen on the contributions of net foreign trade and government
expenditures. This article explores the question of whether some other
base year would be more appropriate for BLS projections of economic
growth by rebasing from chained 1992 dollars to chained 2001 dollars.


==========

http://www.econstats.com/rt_gdp.htm

Gross Domestic Product and Its Components -- Part of U.S. National
Income and Product Accounts (NIPA)

[site includes links to detailed information on each of the major
component categories such as]:

Personal consumption expenditures  
Durable goods  
Nondurable goods  
Services  
Gross private domestic investment  
Equipment & software...


and so on.

==========

[latest news on GDP from the US Bureau of Economic Analysis]

http://www.bea.gov/bea/newsrel/gdpnewsrelease.htm

News Release: Gross Domestic Product 
OCTOBER 29, 2004


Real gross domestic product -- the output of goods and services
produced by labor and property
located in the United States -- increased at an annual rate of 3.7
percent in the third quarter of 2004,
according to advance estimates released by the Bureau of Economic
Analysis.  In the second quarter, real
GDP increased 3.3 percent.

The major contributors to the increase in real GDP in the third
quarter were personal consumption
expenditures (PCE), equipment and software, exports, government
spending, and residential fixed
investment.  The contributions of these components were partly offset
by a negative contribution from
private inventory investment.  Imports, which are a subtraction in the
calculation of GDP, increased.
    
The acceleration in real GDP growth in the third quarter primarily
reflected an acceleration in PCE
and a deceleration in imports that were partly offset by a downturn in
private inventory investment and a
deceleration in residential fixed investment.

==========

http://www.bea.gov/bea/dn/GDP_outsourcing.pdf

Information on Gross Domestic Product and Outsourcing

Q&A?s on Gross Domestic Product and Outsourcing 

Questions about the magnitude of foreign outsourcing have caused some
to suggest that imports of services may be understated and growth in
gross domestic product (GDP) overstated. Some have pointed to
alternative measures of output that suggest less rapid economic growth
than exhibited by the GDP estimates. These include (1) slower growth
in gross domestic income (GDI), which is conceptually identical to
GDP, but is based on measures of the incomes derived from production
while GDP is based on measures of final expenditures, and (2) slower
growth in the industrial production index (IPI), which is published by
the Federal Reserve Board, than in GDP goods, which is published by
BEA.

==========

http://www.bea.gov/bea/dn/hurricane.htm

Effects of the Third-Quarter Hurricanes on Income Measures

In the third quarter of 2004, several income measures were affected by
the hurricanes that struck the southeastern United States in August
and September.

Rental income of persons was reduced by the destruction of uninsured
residential property.
Nonfarm proprietors? income was reduced by the destruction of
uninsured business property.
Corporate profits were reduced by the destruction of uninsured
business property and by the increased expenses incurred by property
and casualty insurance companies.
Business current transfer payments (net) were reduced by a drop in net
insurance settlements to the rest of the world because of payments
under reinsurance policies that domestic insurers have with foreign
insurance companies.
A table that identifies these impacts in more detail is available


==========

http://www.bea.gov/bea/newsrelarchive/2004/gdp204f.htm

News Release: Gross Domestic Product and Corporate Profits 

Real gross domestic product -- the output of goods and services
produced by labor and property
located in the United States -- increased at an annual rate of 3.3
percent in the second quarter of 2004,
according to revised estimates released by the Bureau of Economic
Analysis.  In the first quarter, real
GDP increased 4.5 percent.
 
The GDP estimates released today are based on more complete source
data than were available for
the preliminary estimates issued last month.  In the preliminary
estimates, the increase in real GDP was
2.8 percent

The major contributors to the increase in real GDP in the second
quarter were nonresidential fixed
investment, personal consumption expenditures (PCE), residential fixed
investment, private inventory
investment, exports, and government spending.  Imports, which are a
subtraction in the calculation of
GDP, increased.
    
The deceleration in real GDP growth in the second quarter reflected
decelerations in PCE and in
private inventory investment and an acceleration in imports that were
partly offset by accelerations in
nonresidential fixed investment and in residential fixed investment.

==========

http://www.findarticles.com/p/articles/mi_m3SUR/is_2_82/ai_84156126

Additional information about the NIPA estimates 

Changes in current-dollar GDP measure changes in the market value of
goods and services produced in the economy in a particular period. For
many purposes, it is necessary to decompose these changes into
quantity and price components. To compute the quantity indexes,
changes in the quantities of individual goods and services are
weighted by their prices. (Quantity changes for GDP are often referred
to as changes in "real GDP.") For the price indexes, changes in the
prices for individual goods and services are weighted by quantities
produced. (In practice, the current-dollar value and price indexes for
most GDP components are determined largely using data from Federal
Government surveys, and the real values of these components are
calculated by deflation at the most detailed level for which all the
required data are available.)


==========

http://research.stlouisfed.org/publications/net/page6.pdf

Contributions of Components to GDP Growth 
National Economic Trends November 2004 

[graph with components of GDP charted]


==========


http://research.stlouisfed.org/publications/mt/page13.pdf

Gross Domestic Product and M2 
Monetary Trends November 2004 

[graphs with trends ince the 1980's]

==========


http://research.stlouisfed.org/publications/aiet/page5.pdf
http://research.stlouisfed.org/publications/aiet/page6.pdf

Real Gross Domestic Product 
International Economic Trends - Annual Edition July 2004 

[more trends information ]


==========

[a college-level GDP quiz, in case this is of interest]

http://finance.wharton.upenn.edu/~sieg602/MCQ/MC2004/MC1-2004.htm

==========

http://www.colorado.edu/Economics/courses/econ2020/section6/GDP-components.html

[straightforward explanation of GDP components]

Unit 6 - Components of GDP - Final Goods Approach

==========

http://en.wikipedia.org/wiki/Gross_domestic_product

From Wikipedia, the free encyclopedia

GDP is defined as the total value of all goods and services produced
within that territory during a specified period (most commonly, per
year). GDP differs from gross national product in excluding
inter-country income transfers, in effect attributing to a territory
the product generated within it rather than the incomes received in
it.

Whereas nominal GDP refers to the total amount of money spent on GDP,
real GDP refers to an effort to correct this number for the effects of
inflation in order to estimate the sum of the actual quantity of goods
and services making up GDP. The former is sometimes called "money
GDP," while the latter is termed "constant-price" or
"inflation-corrected" GDP -- or "GDP in base-year prices" (where the
base year is chosen arbitrarily). See real vs. nominal in economics.


==========

Again, I trust these will fully meet your needs.  But if you find you
need anything else, just let me know, and I'm at your service.


pafalafa-ga


search strategy -- Google searches on:

gdp

gdp components

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Clarification of Answer by pafalafa-ga on 02 Nov 2004 06:54 PST

azmiy-ga,

Glad to hear that the links I gave you were pretty much on-target.

As for the consumption information, have a look at this link:


http://www.bea.gov/bea/newsrel/pinewsrelease.htm


It's a lot of statistical tables (rather than an article format) but
it looked to me like it might meet your needs for consumption-style
information.

Let me know if this does the trick, or if I should keep on looking.

pafalafa-ga

---

Clarification of Answer by pafalafa-ga on 02 Nov 2004 07:51 PST

Try this one as well:


http://www.census.gov/indicator/www/m3/adv/index.htm


From the "PDF Format" pull-down menu, select "Text & Table" for the
latest report on durable goods.

This is probably for an econ class so you should have this link
already, but just in case...

http://research.stlouisfed.org/fred2/

Hello, sorry about the slow response.

"Are you looking for links that discuss the GDP in article format, or
are you looking for links to data about the GDP?"
A:Both


"And how many links would you
like to have?"
A: Just a couple for investment,government purchases, and net exports.
ANd as many as possible for consumption.

Thanks that link is very helpful, but I'm looking for something a
little different. I just need links from maybe news sites or business
sites that discuss the components of GDP in article(news report)
format.

Thank you very much, these links are terrific. I'm still stumped on
one aspect of GDP though. These links covered investment, government
purchases, and net exports well, but I need some more help on
consumption. I'm trying to find articles that deal with how well
durable goods, non durable goods, and consumer expenditures for
services did in Q3. That one link gave the percentages, but I'm trying
to find examples of some (i.e. an article that deals with automobiles
etc etc)