Consumer Spending by Type, 2002 (in billions)

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Consumer Spending by Type, 2002 (in billions)
Total consumptionbyU.S. householdsin 2002 was
a 7.3trillion
SourceBureau of Economic Analysis
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Two Approaches to Measuring GDP, 2002(all data
in billions of dollars)
Note These figure are subject to revision
Source Bureau of Economic Analysis
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From National Income to Disposable Income,
2002(all data in billions)
Note These figure are subject to revision
Source Bureau of Economic Analysis
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Personal disposable income is a good measure of
the spending powerof the household sector
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Measuring GDP A Summary
Expenditure Approach GDP C I G NX
Value-Added Approach GDP Sum of value
added created by all firms
Factor payments approach GDP Sum of factor
payments made by all firms wages and
salaries interest rent profit
National Income