Transcription of CHAPTER 9: GOVERNMENT CONSUMPTION EXPENDITURES …
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CHAPTER 9: GOVERNMENT CONSUMPTION EXPENDITURES AND GROSS INVESTMENT (Updated: November 2019) Definitions and Concepts Recording in the NIPAs Overview of Source Data and Estimating Methods Benchmark-year and nonbenchmark-year estimates Current quarterly estimates Quantity and price estimates Table Summary of Methodology for GOVERNMENT CONSUMPTION EXPENDITURES Table Summary of Methodology for GOVERNMENT Gross Investment GOVERNMENT CONSUMPTION EXPENDITURES and gross investment measures the portion of gross domestic product (GDP ), or final EXPENDITURES , that is accounted for by the GOVERNMENT sector. GOVERNMENT CONSUMPTION EXPENDITURES consists of spending by GOVERNMENT to produce and provide services to the public, such as national defense and public school education. Gross investment consists of spending by GOVERNMENT for fixed assets that dir e c tly benefit the public, such as highway construction, or that assist GOVERNMENT agencies in their production activities, such as purchases of military hardware.
portion of gross domestic product (GDP), or final expenditures, that is accounted for by ... an integral part of the U.S. national income and product accounts (NIPAs), a set of ... “Measuring the Output of Governments” on the next page).
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