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? 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? BD 4,000 1,280 450 70 0 330 500 3,690 120 150 520 820 240 220 0 117
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? 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? BD 4,000 1,280 450 70 0 330 500 3,690 120 150 520 820 240 220 0 117
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 11RQ: What is die difference between accounting and economic profit?
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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?
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?
BD 4,000
1,280
450
70
0
330
500
3,690
120
150
520
820
240
220
0
117
Transcribed Image Text:answer for C plz
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