Answered: Gross Domestic Product at FC by… | bartleby

Economics For Today

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter15: Gross Domestic Product

Section: Chapter Questions

Problem 1SQ

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Gross Domestic Product at FC by expenditure method
in crore)
(1) Private Final Consumption Expenditure
(ii) Net Domestic fixed capital formation
(iii) Consumption of fixed capital
(iv) Closing Stock
(v) Opening Stock
(vi) Government final consumption expenditure
(vii) Net exports
(viii) Wages and salaries
(ix) Contribution of employers towards social security
(x) Operating surplus
(xi) Net factor income received from abroad
(xii) Net indirect taxes
85
25
10
10
(-)5
80
10
20
(-15
10

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Income aproach Table 2 Items RM (Millions) Wages and salary 1,050 Rent 850 Interest 880 Distributed Profit 1,300 Proprietor’s income 750 Depreciation 200 Undistributed profit 200 Transfer payment 75 Social security contribution 90 Personal Income Tax 110 Net factor income earned from abroad 89 Based on the above data, calculate: Gross Domestic Income Gross National Income National Income
Nn.47. Subject :- Economy
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
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
1.20 A nation’s gross domestic product is…a) C + I + G + (X-M)b) The total amount of money in circulationc) The total market value of all the intermediate goods and servicesd) The sum of value added at some stages of the production process
Depreciation 200 Exports 150 public transfer 200 Gross domestic private investment 300 corporate income tax 100 factor receipts from abroad 400 gevenment expenditure on goods and services 250 interest income 800 compensation of employees 2600 net interest on government debit 50 indirect business taxes 100 factor payments to abroad 200 imports 200 proprietors incom(profits) 700 retained corporate profit 200 personal consumption expenditure 4500 personal taxes 100 social security contribution 50 rental income 600. From the above data find personale disposable income.
1. Data collection, compilation, and analysis from secondary sources using suitable reference (APA, for example). 2.Examine acquired data and update it so that it is relevant to the context, audience, and purpose. 3. Text (facts, assertions, statistics, etc.) is combined with graphic components such as tables and figures to create a dynamic and entertaining presentation. to design a Message for a specific Audience, with a specific Purpose with the purpose of delivering a certain outcome. Deliver a 4-minute presentation on a topic of your choice that is clear and succinct. I propose that you select a topic that you are comfortable with. You may give a presentation on "how to make coffee in the morning" or "how to find the "best" parking spot," for example. Instructions Identify the presentation's goal and explain why your presentation will be beneficial to your audience. Provide clear and concise context to ensure that all topics are understood immediately. Make your presentation.…
(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
GDO minus depreciation is the the formula used to calculate a- net national product b- gross national product c- gross domestic product d- national income
Differentiate between GNP and GDP.Also Find out GNP at factor cost of thegiven data.The net domestic product at market price of an economy is Rs.4500cr. Thecapital stock worth Rs.4000cr and it depreciates at the rate of 10% per annum. Netindirect tax amount to Rs.130cr,factor income from rest of the world is 400cr. And torest of the world is 600 cr.
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?
Calculate GNP at MP Domestic income or NDP at FC = $3200 Depreciation = $400 Indirect taxes = $50 Net factor income from abroad = $70 All values are in million

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