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CHAPTER 9: GOVERNMENT CONSUMPTION EXPENDITURES …

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.

Fixed Assets and Consumer Durabel Goods in the Untied Staets 1925 –97, September 2003, available on BEA’s Website at www.bea.gov. 5. CFC ,or deprecaioit n m, easures the decnil e in the vaul e of the stock of fxied assest due to physcia l deterioration, normal obsolescence, and accidental damage; however, it does not include losses caused by a

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Transcription of CHAPTER 9: GOVERNMENT CONSUMPTION EXPENDITURES …

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