1. The table below shows hypothetical data on indicators for estimating National Income Accounts. Choose the appropriate indicators to compute Gross Domestic Product (GDP) and Gross National Income (GNI) by Final Expenditure Approach and Factor Income Approach. Amount in Billion Pesos Indicator 2019 2020 Interest Income 300 350 Wages Gross Private Investment 134 225 248 370 Depreciation Business profits Indirect business taxes 72 85 400 480 148 180 Rental Income 150 52 250 Exports Imports Net foreign factor income Household consumption Government expenditures Consumer Price Index (2018=100) 70 16 25 312 400 608 735 312 420 112 125 a. Nominal GDP by Final Expenditure Approach for 2019 and 2020 b. Nominal GDP by Factor Income Approach for 2019 and 2020 С. Nominal GNI for 2019 and 2020
1. The table below shows hypothetical data on indicators for estimating National Income Accounts. Choose the appropriate indicators to compute Gross Domestic Product (GDP) and Gross National Income (GNI) by Final Expenditure Approach and Factor Income Approach. Amount in Billion Pesos Indicator 2019 2020 Interest Income 300 350 Wages Gross Private Investment 134 225 248 370 Depreciation Business profits Indirect business taxes 72 85 400 480 148 180 Rental Income 150 52 250 Exports Imports Net foreign factor income Household consumption Government expenditures Consumer Price Index (2018=100) 70 16 25 312 400 608 735 312 420 112 125 a. Nominal GDP by Final Expenditure Approach for 2019 and 2020 b. Nominal GDP by Factor Income Approach for 2019 and 2020 С. Nominal GNI for 2019 and 2020
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.2P
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