Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees Rents Interest Proprietors' Income Corporate Profit Dividends Undistributed Corporate Profits Statistical Discrepancy Price Index Required: A) What is the nominal gross domestic product for this economy? B) What is the national income of this economy? C) If the price index is 123 in 2021, what is the inflation rate of 2021? 450 70 0 330 500 3,690 120 150 520 820 240 220 0 117 Activate Windows Go to Settings to activat

Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN:9781305280601
Author:William J. Baumol, Alan S. Blinder
Publisher:William J. Baumol, Alan S. Blinder
Chapter8: Aggregate Demand And The Powerful Consumer
Section8.A: National Income Accounting
Problem 3TY
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1
Please show all your calculation. Round your answer to two decimal places
Refer to the accompanying national income data for the economy in 2020. All figures are in million BD.
Personal Consumption Expenditures
Government Purchases
Net Private Domestic Investment
Net Exports
Net Foreign Factor Income
Consumption of Fixed Capital
Taxes on Production and Imports
Compensation of Employees
Rents
Interest
Proprietors Income
Corporate Profit
Dividends
Undistributed Corporate Profits
Statistical Discrepancy
Price Index
Required:
A) What is the nominal gross domestic product for this economy?
BD 4,000
1,280
450
70
0
330
500
3,690
120
150
520
820
240
220
0
117
Activate Windows
Go to Settings to
Transcribed Image Text:Please show all your calculation. Round your answer to two decimal places Refer to the accompanying national income data for the economy in 2020. All figures are in million BD. Personal Consumption Expenditures Government Purchases Net Private Domestic Investment Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees Rents Interest Proprietors Income Corporate Profit Dividends Undistributed Corporate Profits Statistical Discrepancy Price Index Required: A) What is the nominal gross domestic product for this economy? BD 4,000 1,280 450 70 0 330 500 3,690 120 150 520 820 240 220 0 117 Activate Windows Go to Settings to
Net Exports
Net Foreign Factor Income
Consumption of Fixed Capital
Taxes on Production and Imports
Compensation of Employees
Rents
Interest
Proprietors' Income
Corporate Profit
Dividends
Undistributed Corporate Profits
Statistical Discrepancy
Price Index
Required:
A) What is the nominal gross domestic product for this economy?
B) What is the national income of this economy?
C) If the price index is 123 in 2021, what is the inflation rate of 2021?
450
70
0
330
500
3,690
120
150
520
820
240
220
0
117
(1
Activate Windows
Go to Settings to activate
Transcribed Image Text:Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports Compensation of Employees Rents Interest Proprietors' Income Corporate Profit Dividends Undistributed Corporate Profits Statistical Discrepancy Price Index Required: A) What is the nominal gross domestic product for this economy? B) What is the national income of this economy? C) If the price index is 123 in 2021, what is the inflation rate of 2021? 450 70 0 330 500 3,690 120 150 520 820 240 220 0 117 (1 Activate Windows Go to Settings to activate
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