it depends on what state or country it is as far as the unitedstates the % rate is 45% is spent on the gdp of military spending
Yes, government spending is included in the expenditures calculations of GDP.
The relationship between spending and GDP is that spending contributes to the overall GDP of a country. When individuals, businesses, and the government spend money on goods and services, it stimulates economic activity and helps to increase the GDP. Higher levels of spending typically lead to higher GDP growth, while lower levels of spending can result in slower economic growth.
if gdp is 719.1 and consumption is 443.8, how do i compute consumption as a percentage of gdp?
consumer spending
no
2/3 according to my macroecon class
Yes, government spending is included in the expenditures calculations of GDP.
The relationship between spending and GDP is that spending contributes to the overall GDP of a country. When individuals, businesses, and the government spend money on goods and services, it stimulates economic activity and helps to increase the GDP. Higher levels of spending typically lead to higher GDP growth, while lower levels of spending can result in slower economic growth.
if gdp is 719.1 and consumption is 443.8, how do i compute consumption as a percentage of gdp?
consumer spending
no
Consumption is the largest part of GDP.
consumption
70%
[ (GDP 2006 - GDP 2005) / GDP 2005] X 100 ---- ----
Consumer spending is 2/3rds of GDP, so definitionally if GDP is rising it is highly likely that consumption is increasing which would spur job creation. Net-net: 1. Consumer spending up; 2. Jobs up.
I'll give you the expenditure approach Consumption- share of GDP from consumer spending Investment-share from firm investment Government Spending-share of government spending Net Exports (exports-Imports)