COMPONENT R millions Consumption expenditure (C) 9 000 Investment (I) 6 500 Government spending (G) 7 000 Exports (X) 1 800 Imports (Z) 2 400 Depreciation 700 Foreign payment to the rest of the world 300 Foreign payment from the rest of the world 250 Q1. Determine the value of the country’s NNI (Net National Income) at market price. Q2. If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020.

COMPONENT R millions Consumption expenditure (C) 9 000 Investment (I) 6 500 Government spending (G) 7 000 Exports (X) 1 800 Imports (Z) 2 400 Depreciation 700 Foreign payment to the rest of the world 300 Foreign payment from the rest of the world 250 Q1. Determine the value of the country’s NNI (Net National Income) at market price. Q2. If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 5SCQ: According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?

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PI= NI-retained corporate profits + net transfer payments - indirect tax National income: 19,786Less:Corporate profits with inventory valuation and capital consumptionadjustments -2,771Taxes on production and imports less subsidies -1,182Contributions for government social insurance, domestic -1,541Net interest and miscellaneous payments on assets -644Plus: Personal income receipts on assets 3,202Plus: Personal current transfer receipts 4,617 Personal income equals : ?
Assume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 70
4 National Income at constant prices can be obtained by multiplying current production of output to _______. a. Base year output b. Base year price c. Current prices d. Current taxes
Calculate the value of output if:- Net value added at factor cost = $200 Intermediate consumption = $120 Depreciation = $20 Tax = $40 Subsidy = $10 All values are in million
What is the value for Gross Domestic Product if households receive $315 in net interest income, wages equal $10,169, rental receipts on land are $884, total business profits before taxes are $1,862, and indirect business taxes are $1,139? Assume depreciation and net foreign income are zero. Enter the value without a $ and without commas.
Question: What is the difference between the Gross value added and Net value-added ?[A] Value added[B] Depreciation[C] Production flow[D] InvestmentPlease Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave 30 dislikes for you and more from my friends accounts also.
(J) Question 2 Given the following data, calculate Net Domestic Product (NDP) at market prices: Gross National Product at market prices=US\$ 85,000 Depreciation=US$3,000Net factor income from abroad = US\$ 2,000
23 Goods and services produced by Omani working in Oman is OMR 3.1 billion, produced by Omani working outside Oman = OMR 1.5 billion, and produced by the residents who are working in Oman OMR 2.9 billion. Calculate Gross Domestic Product of Oman? Select one: a. 0.20 b. None of these c. 4.50 d. 6.00 e. 7.50
Calculate the net value added at factor cost if :- Value of output = $800 Purchase of raw material = 400 Depreciation = $25 Excise duty =$30 Import duty = $50
Consider the following information given for calculation of different national income aggregates: Items Rs in crore Value of output 100000 Depreciation 6000 Indirect Taxes 6000 Subsidies 1000 Intermediate consumption 24000 Value added 76000 What will be the value of GNP at market prices as per the given information? Which of the following will be the value of NNP at market prices? Which of the following will be the value of GNP at factor cost? If disposable income is Rs 500 and saving Rs 100, what will be the average propensity to consume? If MPC= 1/2, what is the value of K (Investment multiplier)? What will be the value of NNP at factor cost as per the given information? What will be the value of GDP at market prices as per given information?
Find value of output if:- Net value added at FC = $200 million Intermediate consumption = $150 million Depreciation = $20 million Tax = $40 Subsidy = $20 million
Using the following information, calculate the Net Domestic Product at Factor Cost: Government Final Consumption Expenditure 100 Net Indirect Tax 80 Private Final Consumption Expenditure 300 Consumption of Fixed Capital 20 Gross Domestic Fixed Capital Formation 50 Net import 10 Closing stock 25 Opening Stock 25 a. 410 b. 340 c. 380 d. 420

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COMPONENT	R millions
Consumption expenditure (C)	9 000
Investment (I)	6 500
Government spending (G)	7 000
Exports (X)	1 800
Imports (Z)	2 400
Depreciation	700
Foreign payment to the rest of the world	300
Foreign payment from the rest of the world	250