Compute the economy's GDP using the expenditure approach. Assume that all transactions are 2019. Consumptions Investments Government Expenditures X-M Total Exchange Rate P54 to $1 GDP = 1. A warehouse worth P650M was constructed due to unexpected increased of supply of tomatoes with an average lifespan of 10 years. The wareFouse is already existing for five years, how much is the net worth of the warehouse? 2. Hector spent P70,000 monthly for his car maintenance. 3. Maddox Purchased a house and lot at Forbes Park for his family worth P50M. 4. KFC purchased chicken from Robina farm to make chicken burger worth P200,000 5. Gorgeousleny purchased kitchen appliances amounting to P150,000. 6. Philippines sold 200 metric tons of rice to Thailand worth $75M. 7. The government spent P400M for the rehabilitation of foot bridge in Muntinlupa. 8. Purchased of different electronics of Mr. and Mrs. Casal in 2018 worth P500,000 9. Philippines sold $80M worth of bananas to Malaysia. 10. The economy was able to sell consumer goods worth P1BN. 11. Government purchased contraceptives worth P50M. 12. Existing stock of unsold merchandise worth P1OM. 13. Monthly pension for Mr. Magaling and Mr. Matulin P15,000

Compute the economy's GDP using the expenditure approach. Assume that all transactions are 2019. Consumptions Investments Government Expenditures X-M Total Exchange Rate P54 to $1 GDP = 1. A warehouse worth P650M was constructed due to unexpected increased of supply of tomatoes with an average lifespan of 10 years. The wareFouse is already existing for five years, how much is the net worth of the warehouse? 2. Hector spent P70,000 monthly for his car maintenance. 3. Maddox Purchased a house and lot at Forbes Park for his family worth P50M. 4. KFC purchased chicken from Robina farm to make chicken burger worth P200,000 5. Gorgeousleny purchased kitchen appliances amounting to P150,000. 6. Philippines sold 200 metric tons of rice to Thailand worth $75M. 7. The government spent P400M for the rehabilitation of foot bridge in Muntinlupa. 8. Purchased of different electronics of Mr. and Mrs. Casal in 2018 worth P500,000 9. Philippines sold $80M worth of bananas to Malaysia. 10. The economy was able to sell consumer goods worth P1BN. 11. Government purchased contraceptives worth P50M. 12. Existing stock of unsold merchandise worth P1OM. 13. Monthly pension for Mr. Magaling and Mr. Matulin P15,000

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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