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A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts…
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- 10 In the expenditure approach, the total expenditures of the following entities are calculated, except a. Gross taxable incomes b. Gross private domestic investment c. Government expenditures d. Net ExportsAssume you have the following data for a hypothetical country for a specific year (in billions of ZAR): Wages and Salaries: R2,500 Interest: R300 Rent: R200 Profits: R1,000 Taxes (Indirect Taxes Minus Subsidies): R400 Depreciation: R500 Given the data above, which of the following methods of calculating Gross Domestic Product (GDP) may be used? A. Expenditure approach B. Income approach C. Product approach D. Trade approachIndicate whether each of the following actions or impacts would increase GDPa. An individual purchases bottled water to avoid a contaminated municipal water supply.b. An individual obtains her drinking water from a water fountain at her workplace to avoid a contaminated municipal water supplyc. A homeowner pays a lawn-care company for landscaping servicesd. A neighbor agrees to help a homeowner with landscaping work in exchange for assistance with plumbing worke. A paper company employs workers to plant treesf. An environmental organization provides volunteers to plant trees
- Explain some of the weaknesses involved in using GDP as a measure of national well-being, especially in the context of rapidly changing technologyQuestion 3 Consumer spending in GDP measurement does NOT include spending by businesses on labor resources households on necessary expenses such as gasoline individual households on durable items such automobiles and computers. families on services such as healthcare students on tuition.Refer to Table 6.3 below, use the expenditure approach to calculate gross domestic product from the following set of numbers. Consumption $5,000 Investment $1,000 Depreciation $600 Exports $500 Government purchases $1,000 Saving $1,100 Imports $700
- 1- Khalid steel company sells steel worth OMR 45,500 to a desert driven bike manufacturer, National company. The sales of National company reaches OMR 73,800. So, the contribution to GDP is ________________ Select one: a. OMR 45500 b. OMR 28300 c. OMR 73800 d. OMR 119,300 2- One of the components of GDP government consumption expenditure and gross investment based by local, state, and federal governments. Select one: a. False b. TrueFrom the following information, calculate GDP, private disposable income and private savings Consumption:-4500 Rental income of persons:-600 Compensation of employees:-6300 Proprietor's Income:-900 Corporate profit:-700 Net interest :-400 Indirect business taxes :-500 Consumption of fixed capital:-1000 Transfers received from government :-350 Indirect payment on Government Debt:-200 Direct taxes:-700From the data below find the measure of GDP. Personal Consumption Expenditures 50 Depreciation 3 Indirect Business Taxes less Subsidies 1 Gross Private Domestic Investment 20 Exports 12 Government Purchases of Goods and Services 15 Government Transfer Payments 4 Imports 10
- Show all the necessary steps that lead to your answer. 1. Consumption $6000 (in billion) Gross Investment 1500 Indirect business taxes 300 Retained earning 244 Corporate taxes 200 Social securities taxes 900 Government purchases 1500 Export 500 Transfer payments 1000 Net interest 500 Net foreign factor income 4 Depreciation 800 Capital consumption allowance Import 100 Personal income tax 300 a. Calculate GDP from the above figures b. Calculate national income from the above figures c. Calculate personal income from the above figures d. Calculate disposable income from the above figures20. Which of the following represents the measurement of GDP as the sum of consumption expenditures, investment, government purchases of goods and services, and net exports? a.Wealth approach b.Income approach c.Expenditure approach d.Saving approachThe following data about a hypothetical economy are in billions of dollars. Personal Consumption Expenditures $4,500 Consumption of Fixed Capital 150 Gross Private Domestic Investment 800 Government Purchases 950 Exports 65 Imports 85 Refer to the above data. GDP in this economy is: Multiple Choice $6080 billion. $6230 billion. $6380 billion. $6400 billion.