Can there be a condition where the value of real gross domestic product becomes equal to the nominal GDP. (b) What will be the GDP deflator in such case?
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A: Given:- Gross investment=$120 To calculate:- Equilibrium level of GDP=?
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A: Hey champ, Welcome to this platform. Here you will get the answer with better quality in minimum…
Q: What will be the Value added if the Value of output is $312 and the Intermediate consumption is $111
A: Consumption takes place by individuals in the economy. For the consumption of goods and services in…
Q: if some year nominal GDP was 20 billion and the gdp deflator was 80, what was the real GDP
A: GDP Deflator helps to measure change in prices of all goods produced domestically.
Q: Calculate value added if intermediate consumption is $3500 million and the value of output is $7700…
A: The data presented in the question is:- Intermediate consumption = $3500 million Value of output =…
Q: For real gross domestic product (real GDP) is the value of all goods and services produced in an…
A: The following problem has been answered as followed.
Q: Calculate National income if:- GNP at MP = $3000 Depreciation = $2000 Net indirect taxes = $500
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A: # The value of APC is given as:- APC = Consumption/Income
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A: Given: Income=$1000 Consumption=$390 To find: APC
Q: GVA basic prices = 574 Net product taxes = 36 what is GVA at market price ?
A: GVA basic prices = 574 Net product taxes = 36
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A: Real GDP is an estimation of financial yield that represents the impacts of swelling or deflation.…
Q: If the real GNP for current year is 83 and the nominal GNP for current year is 194 calculate the…
A:
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A: Generally in the given question it is given that The value of output = $910 Intermediate consumption…
Q: The value of the gross domestic product in 2000, in terms of 1990 prices, was (A) $600. (B) $700.…
A: Formula for GDP deflator can be calculated by dividing the nominal GDP by real GDP.
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A: The information being given is:- Nominal GNP = 20,000 Real GNP = 16,000 We have to calculate GNP…
Q: If nominal GDP is $15000 million and real GDP is 12,000 million Find GDP deflator
A: The information being given to us is as follows:- Nominal GDP = $15,000 million Real GDP = $12,000…
Q: The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the…
A: Nominal GDP = Current year price * Current year quantity Real GDP = Base year price * Current year…
Q: Calculate value added if value of output is $23,000 and intermediate consumption is $14,000
A: The data presented in the question above:- Value of output = $23,000 Intermediate consumption =…
Q: If GDP deflator is 177 and real GDP is $16000 million Calculate the value of Nominal GDP
A: The information being given is:- GDP deflator = 177 Real GDP = $16,000 million We have to calculate…
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Q: Real GDP is a. the nominal value of all real goods produced in the nation in year. b. Nominal GDP…
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Q: The Consumer Price Index (CPI) is currently published with a reference value of 100 for the years…
A: The consumer price index (CPI) is an indicator that measures the average change in prices paid by…
Q: If intermediate consumption is $40 million and value of output is $50 million Find the value added
A: The given information is as follows:- Intermediate consumption = $40 million Value of output = $50…
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A: Nominal GDP in 2030 is $30,000 the price index (base of 100 in 2020) stands at 150
Q: Calculate gross domestic product at factor cost if GDPMP Is $32000 million and net indirect taxes…
A: The information given to us is as follows:- Gross domestic product at Market price = $32,000 million…
Can there be a condition where the value of real
(b) What will be the GDP deflator in such case?
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- If the real GNP for current year is 83 and the nominal GNP for current year is 194 calculate the value of GNP deflator for the current year?If nominal GNP through expenditure approach is $10000 and real GNP is $10000. Find the GNP deflator.The net national product (NNP) is the: A. difference between gross domestic product and net income of foreigners. B. difference between gross domestic product and depreciation. C. difference between gross national product and depreciation D. sum of gross domestic product and depreciation E. sum of gross domestic product indirect business taxes
- GDO minus depreciation is the the formula used to calculate a- net national product b- gross national product c- gross domestic product d- national incomeBetween 1960 and 2018 U.S. GDP, measured in dollars of constant purchasing power, expanded about 5.0 times. However, the standard of living only increased by 4 times over this period. Explain the difference.(1f) If Nominal GDP is $16,000 billion and the GDP deflator is 50, then Real GDP is: $25,000 billion. $32,000 billion. $8,000 billion. (1g) For productivity to increase the total number of hours worked has to increase. the value of the production per hour worked has to increase. the total production or output has to increase. (1a) The Helper Company’s customer service representatives received new computers and training on how to utilize them best. In regards to measuring productivity, these new computers and updated technology knowledge have increased profit for the Helper company. increased capital deepening for the Helper company. increased costs for the Helper company. (1b) Of the following examples, which one has little or no effect on labor productivity? The frequency of business cycles. (my guess) Technological change. The quality and quantity of available capital resources. (1c) What can you conclude when a nation’s production possibilities frontier shifts outward?…
- Real gross domestic product Select one: a. measures the value of final goods and services produced within the borders of a given country during a given time period using current prices. b. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing prices. c. is a measure of the overall level of prices. d. can change from one year to the next even if there is no change in output.On what condition Gross Domestic Product (GDP) equals Gross National Product (GNP): Select one alternative: Inflation must be at level 0 GDP deflator must equal 100 Production of foreign companies in our country equals production of “our” companies which operate abroadWhat best describes a base year? Select one: a) The year of comaprison b) The next year c) A period of low economic activity d) The previous year e) The current year
- The value of the nominal GNP of economy was $ 6000 in a particular year. The value of the GNP of that country during the same year evaluated at the prices of some base year was $3000. Calculate the value of the GNP deflator of the year in percentage terms. Has the price level rising in between the base here and the year under consideration?Calculate gross domestic product at factor cost if GDPMP Is $32000 million and net indirect taxes are $18000 millionCalculate National income if:- GNP at MP = $3000 Depreciation = $2000 Net indirect taxes = $500
