Aden Tabers_Assignment No

Using the data below, calculate GDP by using expenditure approach: Year 2017 RM (million) 700 2500 790 670 1000 3200 2300 9000 450 900 2000 1000 500 9300 3100 5500 4500 Item Factor income paid abroad Import of goods and services Corporate taxes Retained earnings Depreciation Export of goods and services Subsidies Private Investment Personal Income tax Social security contribution Change in stock Transfer payment Indirect business tax Public Investment Consumption Government expenditure Factor income receive from abroad Calculate the Year 2018 RM (million) 450 3000 900 590 1200 4500 3790 8900 600 900 -350 1200 650 7800 8000 5600 3200 Gross domestic product at market price Gross National product at market price Gross National product at factor cost а. b. С. National Income Personal Income d. е. Disposable personal Income Gross domestic product at factor cost f. g.

Need help with part B

Using the data from the table, calculate GDP using the Income and Expenditure Approach. All figures are in billions of dollars.

What can you analyse from the aspects regarding GDP?

Question 22 Table 2.1 GDP and its components, 2012 Source: Bureau of Economic Analysis. Table 1.1.5, Note:Numbers may not add up to the totals due to rounding. Personal consumption expenditure (C) Consumer durables Nondurable goods Services Investment (1) Fixed investment Inventory investment Residential investment Government purchases (G) Federal State and local Net exports (NX) Exports Minus imports Total = GDP (Y) www.bea.gownational/nipaweb/SelectTable.asp?Selected=Y Billions of Dollars 11,286 1,231 2,595 7,459 2,500 2,018 13 469 3,151 1,275 1,875 -516 2,214 2,730 16,420 Percent of GDP 68.7 7.5 15.8 45.4 15.2 12.3 0.14 2.9 19.2 7.8 11.4 -3.1 13.5 16.6 100.0 Assuming that the GDP breakdown shown in Table 2.1 is typical of a given year in the U.S. we can say that government purchases is the largest main component of GDP consumption of durable goods is twice that of nondurables we spend twice as much on goods consumption as we do on services all of the above none of the above

Part II 1. From the data in the below table, calculate GDP using the expenditure approach: Component Gross investment Personal consumption expenditure Depreciation Government purchases U.S. imports U.S. exports Compensation of employees Amount (billions of dollars) 1300 1475 25 1315 260 249 65

Answer (iv) and (v)

With reference to the table given above, calculate:  i. Gross Domestic Product at factor cost  ii. Gross National Product at factor cost  iii. National Income  iv. Personal Income  v. Disposable Income

Question # 5 a: Calculate Nominal and Real GDP for each year. Consider the base year is 2013. YearBottles of Diet Coke (units)Price by Bottle in Rs 2013100,00010.25 2014400,00030.50 2015500,00030.75 2016800,00040.25 b: Analyze how much Pakistan’s GDP and each of its components is affected by the following transactions? Explain your answers (Maximum 200 words). i) Toyota Motors issues new shares to finance the construction of an automobile plant in Pakistan.ii) Your friend wins Rs.2 million in the lottery in Dubai iii) Rabia spends Rs.1500 to buy her husband dinner at the finest restaurant in Karachiiv) General Motors builds Rs.40 million worth of cars, but consumers only buy Rs. 38 million worth of them.v) Sadia spends 50000 on a computer to use in her editing business in Karachi. She got last year’s model on sale for a great price from a local manufacturer.   (Sub parts to solved).

Based on the following table Private consumption expenditure (C) Gross private investment Expenditure (1) Government Expenditure (G) Exports (X) Imports (M) Net factor income from the rest of the world 5 Depreciation 150 Indirect Taxes 60 Subsidies 40 Transfer payments to households 10 35 Personal Income Taxes 30 Undistributed dividends 20 25 15. a) Find Net National Product

Discuss the Gross Domestic Product (GDP), highlighting the components and methods of calculating GDP.

d) Research the concept of measuring GDP using the value added approach and provide aworking definition?e) Explain the problem of "double-counting" and how it can be avoided in calculating GDP.

a) Calculate GDP Deflator of 2009. b) Calculate the Growth rate of real GDP of 2009. c) What can you conclude from your answer to part a. d) What can you conclude from your answer to part b.   Please answer all and answer must be correct

Provide a table with the nominal GDP for Belize for 2020 and 2021. Using only the nominal GDP, what do you know about (i) Changes in the level of output during this period? Explain (ii) Changes in prices during this period? Explain.  (iii) Would your answer change if you were using Real GDP? Explain. (c) Fill in the missing values in the table of data collected in the household survey. The working-age population, employment, unemployment, and labor force are measured.

Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below: Show all calculations and formulae If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020.

Determine the Gross Domestic Product GDP using the two approaches: Income Approach ( consider the following hypothetical data ) Billion of Pesos Salaries Php 200 Wages 50 Rentals 80 Interests 30 Profit by businessmen 100 Earnings of entrepreneur 60 Expenditure Approach ( consider the following data. ) Billion of Pesos Personal consumption expenditures Php 100 Personal taxes 40 Exports 50 Depreciation 10 Government purchases 60 Gross private domestic investment 40 Imports 45 Government transfer payments 20 Question: 1.  What is the amount of GDP obtained? What is the value of net exports? 2. What is the value of net investment? What is the value of net domestic product?

a) There are two methods of calculating GDP: income approach and expenditure approach.According to your opinion which method is better suited for calculating the GDP of Bangladesh?Briefly explain the reasons behind your answer.b) When calculating the GDP using the expenditure method why do we subtract “imports”?c) When calculating the GDP of Bangladesh using the income approach why do we add the“earnings of foreigners living in Bangladesh”?d) When calculating the GDP of Bangladesh using the income approach why do we subtract“earnings by Bangladeshis living in foreign countries”?

Durable Goods Business fixed investment Federal purchase of goods Exports State and local purchase of goods Residential investment Services Imports Change in business inventories Nondurable goods Table 6.1 Refer to Table 6.1 for answering the two questions below. (Enter a numeric value for your answer. Do not add zeros billions since the numbers given are already in billions.) Value for consumption expenditure (C) is $ Value for investment expenditure (1) is $ $ Billions 300 400 350 500 250 150 800 150 - 25 450 4

Kindly help me with this one.

Using the data in the table, calculate GDP, GNP, NGNP, NI, PI, and disposable income.