Net domestic product is equal to gross domestic product net of: OA. Inflation. O B. Indirect taxes. Net factor payments. OD. Depreciation/consumption of fixed capital.
Q: In 2016 final sales equal $40o billion, and the change in business inventories is $100 billion. GDP…
A: Information given is:- Final sales = $400 billion Change in business inventory = $100 billion
Q: 6. Gross private domestic investment (Ig) vs. net private domestic investment (In)? Gross private…
A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…
Q: Gross Domestic Product (GDP) is: O All products received from foreign countries for resale in the…
A: Gross domestic product is the sum of consumption spending, investment spending, investment spending…
Q: The money spent on domestically produced final goods and services is: O a) equal to GDP. b)…
A: Answer: The money spent on the domestically produced final goods and services is equal to GDP. GDP…
Q: In the base year, nominal GDP O A. may be higher or lower than real GDP. O B. is always greater than…
A: In the base year, nominal GDP is equal to the real GDP. Real GDP measures the total output level…
Q: Suppose, the GDP of a country is 50 million, net factor income from abroad is 20 million and…
A: Given: GDP of country=50 million Net factor income from abroad=20 million Depreciation=10 million
Q: One key difference between national income and net domestic product is Select one: O a. net domestic…
A: We know that the Net domestic product (NDP) can be defined as the total market value of all the…
Q: Answer the next question on the basis of the following data. All figures are in billions of dollars.…
A: In an economy, consumption of fixed capital is also known as depreciation and it is the difference…
Q: (a) National Income by income method Cro 2omestic Produ R in crore) (1) Private Final Consumption…
A: we have 2 method for calculation of national income -1) Income method…
Q: If the nominal GDP was $350 Billion but the real GDP is $2.2 Trillion. Select all that apply O The…
A: Nominal GDP = $350 billion Real GDP = $2.2 trillion
Q: a. Gross domestic product (GDP) is measured using the quantities of goods and services produced. O…
A: Gross domestic product measures the value of final goods and services produced in an economy during…
Q: Gross domestic product refers to the value of goods and services produced in an economy. Select one:…
A: Gross Domestic Product: Gross domestic product or the abbreviated form GDP refers to the final value…
Q: Nominal output is measured in dollars and real output is measured in dollars. O A. current; base…
A: Option (A) is correct.
Q: GDP is defined as the market value of all in a given time period. O a. final goods and services…
A: GDP is the value of all final goods and services produced within the domestic territory of a country…
Q: The total value of all capital goods newly produced in a given period is Select one: O a. gross…
A: The correct answer is given in the second step.
Q: The total market value of all final goods and services produced within a given period by factors of…
A: Factors of production: - The inputs that are used to produce goods and services known as the factors…
Q: Compute the GNP using the Income Approach and Expenditure Approach.
A: GNP is the Gross National Product of an economy. It can be defined as the sum of the value of all…
Q: Answer just 4th part
A: Definition of ExpenditureThe act of spending time, energy, or money on something is referred to as…
Q: Consider the following information given for calculation of different national income aggregates:…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: The largest single share of the national income consists of: O wages and salaries. O rents. O…
A: National income measures the value of final goods and services produced in an economy with in the…
Q: If the GDP found under Output Approach is 2000, the total of Agriculture sector is 500 and total of…
A:
Q: . Which of the following is NOT included in Gross Domestic Product or GDP: O financial assets like…
A: The gross domestic product (GDP) refers to a measure of economic growth and economic well-being. It…
Q: In a given year, suppose a company spends $100 million on intermediate goods and $200 million on…
A: The production of the final goods and services passes through various stages of the production. At…
Q: given. The gross national product (GNP) in billions of TL is .. TL Billions Government purchases…
A: GNP = Government Purchases + Service Consumption + Non Residential Investment + (Export - Import) +…
Q: In a given year, suppose a company spends $100 million on intermediate goods and $200 million on…
A: In business, total value added is calculated by tabulating the unit value added per each unit of…
Q: The production of Mercedes Benz factory in Egypt is calculated with in: O a. Egypt's GNP b.…
A: Gross domestic product of a country is the sum of money value of goods and services produced in a…
Q: The government purchases category of gross domestic product (GDP) includes spending by a) federal,…
A: GDP includes value of final goods and services produced in the economy within a given period of time…
Q: 14. Gross Domestic Product equals $1.2 trillion. If consumption equals $660 billion, investment…
A: Given information, GDP (Y): $1.2 trillion Consumption (C): $660 billion Investment (I): $220…
Q: January 2013, Lindsay's Lawn Service (LLS) had equipment valuing $11000. During 2013, LLS bought or…
A: *Answer: Give data, In january 2013, Lindsay's Lawn Service (LLS) had equipment valuing $11000.…
Q: Assume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at…
A: a) Gross value added by sector Y = Sales by Y + Closing stock of Y - opening stock of Y - Purchase…
Q: Assume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at…
A: Given, Net factor income from abroad =20 Sales by Y = 1000 Sales by Z = 2000 Change in stock of Z =…
Q: How does U.S. gross domestic product (GDP) differ from U.S. gross national product (GNP)? Select…
A: Domestic Product is the value of goods and services which are produced by residents and non…
Q: Which of the following is NOT a problem associated with using Gross Domestic Product as a measure of…
A: The value of the total goods and services that are produced in an economy in any particular year is…
Q: Net investment equals O gross investment plus depreciation. O gross investment minus depreciation. O…
A:
Q: Compute for GNP using Expenditure, Income, and Valued Added Approach- Personal Consumption…
A: Gross National Product refers to the output produced by the firms and household located in the…
Q: Real national income is national income measured in constant (base-period) dollars. It changes only…
A: National income is the income which is earned by the citizens of the country in a particular…
Q: Question 11 Gross domestic product (GDP) is best defined as the total market value of all O a) final…
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: You live in Canada, and purchased a car manufactured in Japan this year from a dealer in Canada. The…
A: As we know that GDP is the calculated by adding all the market value of goods and services produced…
Q: the total market value of all the final goods and services produced in the country of GDPLA 2020…
A: GDP(gross domestic product) refers to the value of all goods & services that are produced by an…
Q: An economy produces only steel and coal. These two commodities serve as intermediate inputs in each…
A: Solution. Here the technology matrix is given under Steel Coal Final demand Steel 0.3 0.2 120…
Q: GDP would be a better measure of economic well-being if it included: Select one: O a. the costs of…
A: GDP would be a better measure of economic well being if it included the value of leisure.
Q: II NGDP in the base year and RGDP in the current are equal, then Oa. There has been inflation or…
A: Nominal GDP is measured at current prices whereas real GDP is measured at constant prices. It means…
Q: 1. The output produced in kilograms of a commodity and the price of this commodity (RO per kilogram)…
A: Real income is the nominal income adjusted for the price change or inflation in the economy.
Q: Given the following natinonal data all figure in billion. Gross domestic product.............6145…
A: Disposable income and personal income are positively related. It means as personal income rises then…
Q: Gross domestic product per capita is the total income of everyone in a year, divided by population.…
A: Per capita income is the income of the country i.e., GDP divided by the population. This will give…
Q: Calculate gross domestic product at factor cost if GDPMP Is $32000 million and net indirect taxes…
A: The information given to us is as follows:- Gross domestic product at Market price = $32,000 million…
Q: Calculate the value of NVAFC Its given that the value of GVAMP is $350 million, the value of net…
A: We are given with the information:- The value of gross value added at Market price = $350 million…
Q: About the measurement of the GDP O A The profits of a firm are higher than the value added of the…
A: Option A is false because Value-added includes profit so this is not true. Option C is also…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Which of these is not a characteristic of the gross domestic product? a. Includes intermediate goods b. Calculated every accounting year c. Value of all final goods and services d. Expressed in terms of moneyDepreciation 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.Assume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at market price by each sector b) National income from the followings: Items Amount in Crores Net factor income from abroad- 20 Sales by Y- 1000 Sales by Z- 2000 Change in stock of Z- 200 Closing stock of Y- 50 Opening stock of Y- 100 Consumption of fixed capital by Y & Z- 180 Indirect taxes paid by Y & Z- 120 Purchase of raw material by Y- 500 Purchase of raw material by Z- 600 Exports by Z- 70
- The value of total goods and services produced entre the country by residence and foreign supplied resources, called Select one: a. Inflation b. National Income c. Gross Domestic Product d. Gross National ProductCalculate the value of NVAFC Its given that the value of GVAMP is $350 million, the value of net indirect taxes is $87 and the value of consumption of fixed capital is $35Suppose that net national product in 2018 was $50 billion and depreciation was $15 billion. Gross national product in 2018 was: $35 billion -$35 billion $65 billion $55 billion
- Given the following data, answer questions a through c. Billions of dollars New Residential Construction $500 Purchase of existing homes $250 Sales value of newly issued stocks and bonds $600 New physical capital $700 Depreciation $200 New Intellectual property $100 Household purchases of new furniture $50 Net change in firms’ inventories $100 Production of new intermediate goods $700 What is the value gross private domestic investment? Answer: What is the value of net investment? Are any intermediate goods counted in gross investment?Question 4 Calculate the net value added at the market price of a firm: Sale - 400Change in stock - (-20) Depreciation - 30 Net indirect taxes - 40 Purchase of machinery - 200 Purchase of an intermediate production - 250 Calculate the value of output.Private consumption expenditure (C) 150 Indirect Taxes 20 Gross private investment Expenditure (I) 60 Subsidies 5 Government Expenditure (G) 40 Transfer payments to households 10 Exports (X) 35 Personal Income Taxes 25 Imports (M) 30 Undistributed dividends 5 Net factor income from the rest of the world 5 Depreciation 5 Find Net National Product and Disposable Income
- Suppose, GDP at Market Price is $8,000 Consumption expenditure is $1800, Net exports = $600, Imports = $380, Rent = $ 4800, Government expenditure = $700, Interest = $2500 Mixed Income of Self Employed = $ 5500, Profit = $ 2000, Consumption expenditure is $1800, Net Factor Income from Abroad = $1500, Wages = $5000 What would be Net Domestic Product at Factor Cost?MCQS 1- Which of the following is NOT a component of Gross Domestic product? Investment. Consumption. Tax Government Expenditure 2- ………… is the market value of all final goods & services produced within a country in a given period of time. Inflation Multiplier Gross Domestic Product Gross National Product 3- ………………... refers to the measure of the overall cost of the goods and services bought by a typical consumer. Producer price index Nominal interest rate Consumer price index Inflations please answer all mcqsGross Domestic Product is caiculated by multiplying the quantities of goods by their prices because it allows us to______ A) express the values of products in a common unit of measurement B) overcome the problems of comparing the output of one country to that of another C) calculate the total number of physical units of products produced in an economy D) correct for inflation
