Factor income from abroad is ____________. a. Included in the GDP b. Not included in the GDP c. Similar with the GDP d. Similar to exports

Q: For the country of Madagascar government spending was $15,000 in 2007. Consumption was $88,000,…

A: GDP under expenditure method is computed by adding up following items:1. Consumption expenditure of…

Q: Calculate national income if NDPFC is $2300 million and net factor income from abroad is $500…

A: According to the above given question, the values given are:- NDPFC = $2300 million Net factor…

Q: Use the information in the table below to answer Q.3.1 to Q.3.3: GDP at market prices R397bn Net…

A: Net National Income is the total income generated by the country's income and foreign residents plus…

Q: RM15000 RM10000 m the sale of apples to RM15000 n the sale of apples to RM30000 Firm J ployees…

A: *Answer:  Income Method : GDP = Firm A + Firm J = Firm A (Wages/Salaries + Rent + Profit ) + Firm J…

Q: Calculation of GDP using the income approach, the size of a country's national income will be equal…

A: GDP is the final value of goods and services produced in the economy during a given period of time…

Q: What is the effect that changes in business taxes, personal income, and transfer payments have on a…

A: GDP is the measure of the total value of services and goods produced within an economy during a…

Q: Check on the table below the factors that measure national income. Choose only three from the list…

A: The term "national income" refers to the entire monetary value of all of a country's final goods and…

Q: Which of the following statements is false? A) The GDP deflator includes also imports. B) The CPI…

A: Price index helps to measure the inflation rate. Inflation rate refers to the percentage change in…

Q: Explain three limitations of Gross Domestic Product.

A: Gross domestic product (GDP) refers to the total market value of goods and services produced by a…

Q: Calculate (a). The Gross national income at factor cost (b). Net national income

A: A)   Gross National Income at factor cost -:…

Q: Find the national income

A: Given:- Sr.No  Particle  Rs Crores i. Wages and Salaries 1,000 ii. Net current transfers to…

Q: Which of these will be a part of the gross domestic product? a. Income from this year’s final output…

A: The gross domestic product is the addition of the goods and services produced in the country is…

Q: “The major determinant of a country’s income distribution is its distribution of productive and…

A: The economies around the world operate on the presence of scarce, or limited amount of resources.…

Q: The single largest expenditure component in GDP is      A) investment. B) consumption. C) exports.…

A: Gross domestic product (GDP) has four primary components to explain the total output generated…

Q: The value of total goods and services produced entre the country by residence and foreign supplied…

A: Inflation: Inflation is the rise in the general price level of goods and services over a specified…

Q: (i) Calculate the value added at each stage of production (ii) Calculate  the contribution to GDP…

A: To avoid double counting of the goods and services the value added method is used. According to this…

Q: Identify the statement that describes the Gross Domestic Product of a country. a. All goods and…

A: Gross Domestic Product GDP by its name suggests that the output that is domestically produced within…

Q: To calculate gross national income(GNI) from gross domestic product (GDP),__ must be added and ___…

A: The GDP accounts for the total value of all the production that happens within the country in the…

Q: Which of these statements is not true when we discuss GDP calculation? a. GDP includes earnings of…

A: The market value of all final goods and services produced in the economic territory of the country…

Q: List five limitations of GDP as a measurement of social welfare.

A: GDP or Gross Domestic Product is the total accounted value of all the goods and services produced in…

Q: wages = 700 goverment spending = 2,300 investment = 2,300 rent = 200 consuption = 7,400 net exports…

A: GDP =w + i + C+ I  + G + (X - M)          = 700 + 200 + 7400 + 2300 + 2300 + 400           = 13,300

Q: be included in the calculation of national income?

A: National income can be defined as the value of all the goods and services produced by a country in a…

Q: what is the difference between Gross Domestic Product and Gross National Product? Would the…

A: Gross Domestic Product and Gross National Product are two important tools that are used to measures…

Q: What is the fundamental difference between real and nominal GDP     A.) Both real and nominal GDP…

A: GDP is the value of goods and services produced in the economy.

Q: List two economically  important activities not captured in GDP.

A: GDP (or gross domestic product) refers to the market value of all final services and goods…

Q: Which of these is a part of private income? a. Incomes made by foreigners in the country b. Incomes…

A: Private income is defined as the total of factor incomes and transfer incomes which are received…

Q: More than 4 million websites sell a combined $100 billion of pornography a year. Should these sales…

A: If the $100 billion of pornographic content is sold and purchased legally, and the transaction…

Q: GDP per capita is an indicator that tells us the whole picture about income inequality and income…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: Question   Use the data below to calculate the following: I. Net National Income at basic price…

A: Gross national income is positively related to gross domestic product. It means as gross domestic…

Q: Which of the following transactions is excluded from gross domestic product? O Julian, a public…

A: When talking about transactions that can be included in the gross domestic product, it can be said…

Q: amount of nominal GDP from the expenditure approach

A: GDP: It refers to the production of goods and services in an economy which is done within a…

Q: Find National Income given:- NDPFC = $3300 million Net factor income from abroad = $1400 million

A: The data presented in the question above is:- NDPFC = $3300 million   Net factor income from abroad…

Q: Which of the following would not be included as government spending in the calculation of GDP?…

A: The expenditure approach to calculating gross domestic product (GDP) takes under consideration the…

Q: Use the numbers to help calculate the Net GDP(NDP);Green GDP;& Genuine Progress Indicator (GPI).…

A: Since you have posted multiple questions as per the guidelines we can solve only one at a time

Q: The agency responsible for compiling the National Income Product Accounts for the U.S. economy is…

A: In the United States, different authorities are built ot established to deal with specfiic situation…

Q: GDP at market prices R397bn Net primary income payments to the rest of the world R37bn Indirect…

A: The gross domestic product of an economy is the monetary value of all final goods and services…

Q: Which of these items is not a part of the country’s national income? a. Income made by stores that…

A: Which of these items is not a part of the country’s national income?  B) government transfer…

Q: To arrive at the National income using the value added method, what has to be added to the net…

A: National income is the total value of commodities produced by the companies in a country.

Q: GDP calculation? a GDP includes earnings of both the citizens and non-citizens but are residing…

A: Gdp is the total monetary and market value of finished godds and services that produced within a…

Q: Gross Domestic Product was designed as a measure of economic activity, specifically a measure of…

A: GDP is used to measure a society’s standard of living, but it is not a thorough indicator since it…

Q: What is Gross National Income and give some examples

A: Gross national income is the sum of GDP and net factor income.

Q: The value of textiles produces in India by a Malaysian company is included in the Malaysia’s…

A: GDP (Gross domestic Product ) refers to all the goods and services produced within the boundaries of…

Q: Which of the following is included in Gdp? Select one: a. medicare b. social security payments c.…

A: GDP is the total and final value of goods and services produced in an economy during a given period…

Q: For a nominal GDP of 33,000 and GDP deflator of 110, calculate real GDP.     A.) 30,000     B.)…

A: Real GDP is nominal GDP which is adjusted for inflation. It measures the value of final goods and…

Q: Which of the following would be captured and included in the calculation of GDP? The cost of…

A: The gross domestic product (GDP)  refers to the money value or market value of all the finished or…

Q: Explain the concepts Gross national product, Net national product, National income and Disposable…

A: The worth of a country's finished domestic products and services during a certain time period is…