Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below: COMPONENT R millions Consumption expenditure (C) 9 000 Investment (I) 6 500 Government spending (G) 7 000 Exports (X) 1 800 Imports (Z) 2 400 Depreciation 700 Foreign payment to the rest of the world 300 Foreign payment from the rest of the world 250 Q1. Calculate the value of the country’s GDE (Gross Domestic Expenditure). Q2. Compute the value for the country’s GDP (Gross Domestic Product) at market price.
Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below: COMPONENT R millions Consumption expenditure (C) 9 000 Investment (I) 6 500 Government spending (G) 7 000 Exports (X) 1 800 Imports (Z) 2 400 Depreciation 700 Foreign payment to the rest of the world 300 Foreign payment from the rest of the world 250 Q1. Calculate the value of the country’s GDE (Gross Domestic Expenditure). Q2. Compute the value for the country’s GDP (Gross Domestic Product) at market price.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 5SCQ: According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?
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Question
Use the following composition of expenditure for the economy of a country
named the Republic of Tapuwa, for the year ended 2019 to answer the
questions below:
COMPONENT | R millions |
Consumption expenditure (C) | 9 000 |
Investment (I) | 6 500 |
Government spending (G) | 7 000 |
Exports (X) | 1 800 |
Imports (Z) | 2 400 |
700 | |
Foreign payment to the rest of the world |
300 |
Foreign payment from the rest of the world | 250 |
Q1. Calculate the value of the country’s GDE (Gross Domestic
Expenditure).
Q2. Compute the value for the country’s GDP (
at market price.
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