Table 8.—Real Government Consumption Expenditures and Gross Investment

[Seasonally adjusted at annual rates]

Billions of chained (1996) dollars Percent change from preceding quarter
Level Change from preceding quarter 1999
1999 1999 I II III IV
IV I II III IV
Government consumption expenditures and gross investment/1/1,570.818.74.917.034.35.11.34.59.2
Federal557.9–.62.85.518.2–.52.14.114.2
National defense362.0–3.5–2.29.113.7–4.0–2.611.216.7
Consumption expenditures305.0–4.1–4.69.111.0–5.4–6.213.415.7
Gross investment57.3.72.5–.12.85.220.7–.822.9
Nondefense195.92.85.0–3.64.66.110.9–7.19.9
Consumption expenditures152.01.71.3–2.32.24.43.6–5.85.8
Gross investment44.51.33.8–1.32.613.945.6–12.026.9
State and local1,012.719.32.211.516.18.2.94.86.6
Consumption expenditures811.96.76.97.67.03.43.53.93.5
Gross investment201.112.8–4.93.99.431.6–9.78.621.1

1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.

NOTE.—See note to table 1 for an explanation of chained (1996) dollar series. Chained (1996) dollar levels and residuals are shown in NIPA table 3.8. Percent changes in major aggregates are shown in NIPA table S.1. n

DCSIMG